/ Aarti Ind Rises 6% Signs Rs 4,000 Crore Deal ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 15 June 2017

Aarti Industries Ltd (AIL) signed Rs 4,000 crore multi-year deal with a global agriculture company to supply a high-value agrochemical intermediary, the company informed the bourses on Thursday.

The contract entails supply of a high-value agrochemical intermediary, for use in herbicides, over a 10-year period. AIL will invest about Rs 400 crore in the project, according to a BSE filing.

Meanwhile, the stock was trading higher by 6.3% at Rs 933.90 per share at 1229 hours IST on BSE. It hit a high of Rs 1,024.95 and a low of Rs 874.40 so far during the day. The market capitalisation of the company is Rs 7,678.26 crore.

Aarti Industries Limited is a manufacturer of specialty chemicals and pharmaceuticals. The company is also engaged in the manufacture of home and personal care products.

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