TANFAC Industries Secures INR 732 Crore Order for Hydrofluoric Acid
Filing Summary
TANFAC Industries Limited has secured a significant contract to supply Solar Grade Diluted Hydrofluoric Acid to Kredence Electronics Materials India Private Limited. The contract, valued at an estimated INR 732 Crores, will be executed over 3.5 years and does not require additional capital expenditure. This agreement is set to last until the financial year 2028-29. TANFAC, a joint sector company with Anupam Rasayan India Limited and TIDCO, is a leading producer of Hydrofluoric Acid and its derivatives.
TANFAC Industries Limited has announced a contract for the supply of Solar Grade Diluted Hydrofluoric Acid to Kredence Electronics Materials India Private Limited. The agreement is valued at an estimated INR 732 Crores and will be executed over a period of 3.5 years. The contract is set to last until the financial year 2028-29, with no additional capital expenditure required.
The order will be fulfilled according to mutually agreed specifications between TANFAC and Kredence Electronics. This development was communicated by Vinod Kumar S, Company Secretary & Compliance Officer of TANFAC, in a filing with BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
TANFAC Industries Limited is a joint sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). The company is a prominent producer of Hydrofluoric Acid and its derivatives, with manufacturing facilities located in the SIPCOT Industrial Estate, Cuddalore.
The company began commercial production in March 1985 and is engaged in the manufacture of Anhydrous Hydrofluoric Acid, Sulphuric Acid, Potassium Fluoride, and Potassium Bifluoride. TANFAC has implemented international safety systems and practices and holds ISO 9001, 14001, and OHSAS 18001 certifications.
Kredence Electronics Materials India Private Limited is involved in the electronics materials sector. The company focuses on providing materials and solutions for the electronics industry, aligning with the growing demand for advanced materials in technology-driven sectors.
TANFAC Industries Limited is focused on maintaining its position as a key player in the chemical manufacturing sector. The company prioritizes meeting customer needs with consistency and integrity, leveraging its expertise in producing Hydrofluoric Acid and its derivatives.