Excel Industries Limited, a pioneer in indigenous chemical technology and a leading specialty chemicals producer, has announced the signing of a binding term sheet with a leading Indian specialty chemicals company for the supply of a specialty chemical. The supply period as per the term sheet is 5 years. The projected revenue generation (from jobwork charges) for the company is Rs 35 - 40 crore per annum.

The company will be commissioning a dedicated line for effecting the above supplies. The plant is expected to be commissioned in June 2026. The estimated CAPEX for the project is ~ Rs 40 crore.  The company will receive Rs 25 crore as trade advance from the customer.

Commenting on this development, Ravi Ashwin Shroff, MD, Excel Industries, said, "We are pleased to announce a long-term supply arrangement with a leading Indian specialty chemicals company. This arrangement is a testament to our dedication to excellence and our ability to deliver high-quality products that meet the specifications and performance requirements of the customer, in a reliable manner. This arrangement will leverage the customer's market access for the downstream end product and Excel's strengths in its core areas to deliver a win - win for both organizations.”