Advance Agrolife Secures INR 30 Crore Agrochemical Contract
Filing Summary
Advance Agrolife Ltd has received a Letter of Intent from National Fertilizers Limited (NFL) for the supply of agrochemicals. The contract, valued at INR 30,37,91,000, requires a security deposit of 5% of the contract value. Payment terms are set at 90 days from the date of invoice. The contract is domestic and will be executed by September 30, 2026. There is no involvement of related party transactions. Advance Agrolife focuses on expanding its agrochemical supply capabilities within India.
Advance Agrolife Ltd has informed BSE Limited and the National Stock Exchange of India Limited about receiving a Letter of Intent from National Fertilizers Limited (NFL) on April 10, 2026. This contract involves the supply of agrochemicals and is valued at INR 30,37,91,000. The contract requires a security deposit of 5% of the contract value.
The contract is based on Tender No. NFL/CO/Mking-D/AC/Kh-2026/09, dated January 28, 2026. Payment terms are specified as 90 days from the date of invoice. The contract is domestic, with the supply of agrochemicals to be executed within NFL’s marketing territory. The contract period is set to end on September 30, 2026.
There is no interest from the promoter or promoter group in the entity awarding the contract. Additionally, the contract does not fall within related party transactions, ensuring it is conducted at arm’s length.
National Fertilizers Limited is a public sector undertaking engaged in the production and marketing of fertilizers and other agricultural inputs. The company focuses on enhancing agricultural productivity through its range of products and services.
Advance Agrolife Ltd specializes in the production and supply of agrochemical products. The company is committed to expanding its market presence and enhancing its supply chain capabilities within the agrochemical sector in India.