Jubilant Agro Sciences inks pact US$ 300 million pact with agrochemical innovator

JASL will invest in production facilities and expects a synergistic relationship leveraging both parties' strengths

Jubilant Agro Sciences Ltd. (JASL), a wholly owned subsidiary of Jubilant Ingrevia, has entered into an agreement for contract manufacturing with a leading with a leading agrochemical company (Customer) to produce an agro intermediate for one of the key Agro actives of the Customer.

The overall consideration will paid based on the revenue of around US$ 300 million plus from supplies of the agro intermediate to the customer, over a period of next few years after commencement of production.

JASL will invest in production facilities and expects a synergistic relationship leveraging both parties' strengths.