TANFAC Industries Secures Rs.337.5 Crore Contract with Japanese Firm
Filing Summary
TANFAC Industries Limited has signed a contract under Regulation 30 of SEBI LODR for the supply of 7,500 MT of fluorinated chemicals to a Japanese customer. The contract is valued at an estimated Rs.337.5 Crores annually and spans seven years, commencing January 2027. The agreement, part of TANFAC’s regular business operations, involves international trade with Japan. The total contract value over the period is Rs.2,362.5 Crores, exclusive of GST. There are no related party transactions involved in this contract.
TANFAC Industries Limited has entered into a contract for the supply of 7,500 MT of fluorinated chemicals with a Japanese customer. This contract is valued at an estimated Rs.337.5 Crores per annum. The agreement is set to commence on January 1, 2027, and will continue for a duration of seven years.
The total estimated value of the contract over the seven-year period is Rs.2,362.5 Crores, exclusive of GST. The contract has been signed in the normal course of business and involves international trade with Japan. The terms and conditions of the contract have been mutually agreed upon by both parties.
According to the filing, there is no interest from the promoter or promoter group in the entity awarding the contract. Additionally, the contract does not fall within the category of related party transactions.
The contract is part of TANFAC’s ongoing business operations and aligns with its strategy to engage in international markets. The company has not disclosed any further details regarding the specific nature of the fluorinated chemicals to be supplied.
TANFAC Industries Limited is a joint sector company with TIDCO and Anupam Rasayan India Ltd. It operates in the chemical manufacturing sector, focusing on the production and supply of fluorine-based chemicals. The company is committed to expanding its market presence both domestically and internationally through strategic contracts and partnerships.