Tanfac Industries Limited informed the exchnage that it had signed a framework agreement worth ~$81 Mn (₹675 crores) over next 5 years with a leading Japanese Specialty Chemical firm to supply a refrigerant gas.
The supply for this product will start from H2 FY2025-26.
K. Sendhil Naathan, Managing Director of Tanfac Industries Ltd, said “We are pleased to announce the signing of Framework agreement. With this agreement, TANFAC strategically enters into the refrigerant gas segment. We continue to capture the growth and value in fluorination chemistry and enhance our product offerings.We will undergo a plant expansion at our Cuddalore facility to manufacture this product. This expansion, coupled with the signing of the agreement, we continue to get visibility over the significant growth in coming years.