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TANFAC Industries Limited has secured a significant contract worth approximately INR 732 Crores (excluding GST) for the supply of Solar Grade Diluted Hydrofluoric Acid to Kredence Electronics Materials India Private Limited, based in Vadodara. The contract spans up to financial year 2028-29 and will be executed over 3.5 years as per mutually agreed specifications. The company has confirmed that no additional capital expenditure is required to fulfil this order. TANFAC is a joint sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO), and is among India's leading producers of Hydrofluoric Acid and its derivatives.
This is a sizeable multi-year order that strengthens TANFAC's order book and revenue visibility through FY29 without requiring fresh capex, which should be viewed positively by shareholders. It also signals growing demand for solar-grade chemicals and validates the company's position in the chemical manufacturing value chain.