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Navin Fluorine: Executing multi-year contract template

Navin Fluorine's recent success on new molecule/product launches stems from its in-house R&D at the Surat facility. This new deal is one of them

November 12, 2021 / 11:28 AM IST
Navin Fluorine: Executing multi-year contract template

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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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