Navin Fluorine’s (CMP: Rs 3,596; Market Cap: Rs 17,847 crore) subsidiary Navin Fluorine Advanced Sciences Limited (NFASL) has signed an agreement with a large multinational company for ~Rs 800 crore to manufacture an agro-chemical fluoro-intermediate over five years. While this is not the first time the company is announcing a multi-year contract, the R&D pipeline suggests more are in the offing. Nevertheless, FY23 is expected to be a game changer as key specialty projects are expected to roll out from...
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