Announced Thu, 23 Jul · 18:40 IST
Specialty chemicals project completed on schedule for 5-year supply deal
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EXCELINDUS · price
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Price reaction · full curve 14 horizons · vs prior close
+7.4%1-day move
₹915.65
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AI summary
Excel Industries has completed the dedicated production setup for a long-term specialty chemical supply agreement on 23 July 2026, on time as agreed. The deal was signed on 13 Nov 2025 with a leading Indian specialty chemicals firm for a 5-year supply period. Expected net income is Rs 35-40 Cr per annum. CAPEX was about Rs 40 Cr, partly funded by a Rs 25 Cr trade advance from the customer.
Likely market impact
Timely completion de-risks the Rs 35-40 Cr annual revenue stream, diversifies revenue base, and strengthens the company's credibility as a contract manufacturing partner.