Galaxy Surfactants shares gained as much as 5.35 percent on Thursday, March 6, following the announcement of a strategic collaboration for setting up a performance surfactants and specialty ingredients plant overseas. Galaxy Surfactants Limited shares were trading at 4.1 percent higher at Rs 2,331 apiece as of 12 pm on March 6.
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Galaxy Surfactants Limited has announced that, through its group companies, it has entered into a strategic collaboration with one of its global customers for the end-to-end execution of a Performance Surfactants and Specialty Ingredients plant at an overseas location.
Details such as the financials and the name of the client remain undisclosed in the exchange filing by the company due to confidentiality of the deal.
As part of the agreement, Galaxy will provide EPC (Engineering, Procurement, and Construction) services, covering process design and knowhow, procurement, engineering, construction, and commissioning of the plant.
The company also highlighted that discussions are already at an advanced stage to further deepen this collaboration once the plant becomes operational, indicating the potential for a long-term partnership.
This initiative aligns with Galaxy Surfactants’ strategic vision to expand its global footprint, particularly in key focus markets, supporting its broader growth agenda. In an exchange filing, the company emphasized that this collaboration underscores its strong customer relationships, built on the company’s core values — Character, Competence, Competitiveness, and Comfort, which the company collectively refers to as the "4Cs."
Previously, the company reported an increase in its revenue, of about 10.50 percent, reaching Rs 1,045.66 crore. But on the contrary, the company's net profit declined by 9.47 percent, to settle at Rs 64.61 crore. This was mostly due to slower-than-expected growth in premium specialty volumes, mainly the international markets.
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