Tanfac Industries Limited signed a major contract valued at ₹336 billion with Krishna Organics for chemical supply. This long-term agreement strengthens Tanfac's order book in the specialty chemicals sector, supporting revenue visibility without additional capex amid India's solar and industrial growth push.
Tanfac Industries Limited , a leading producer of hydrofluoric acid and derivatives from Cuddalore, Tamil Nadu, disclosed a significant supply contract with Krishna Organics worth ₹3.36 billion. The deal focuses on key chemicals essential for industrial applications, executed over multiple years per agreed terms.
Strategic Boost
This order aligns with Tanfac's expansion in high-demand segments like solar-grade chemicals, following recent ₹732 crore wins. As a joint venture of Anupam Rasayan India and TIDCO, the company leverages 10,000 TPA capacity with no extra investment needed. It enhances financial stability amid robust sector demand.
Key Highlights
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Contract Value: ₹3.36 billion with Krishna Organics.
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Product Scope: Specialty chemicals (HF derivatives likely).
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Duration: Multi-year execution; no additional capex required.
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Company Capacity: 10,000 TPA solar-grade DHF post-expansion.
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Market Impact: Bolsters order book; shares up post-similar deals.
Sources: Marketscreener, ScanX Trade, Energetica India.