Excel Industries has completed a project for speciality chemical supplies under a five-year agreement with a leading Indian buyer.
Excel had indicated annual income net of raw material costs of ₹350–400 million, with a dedicated capex of about ₹400 million.
The completed set-up supports supply continuity for customers tracking Indian contract manufacturing capacity in speciality chemicals.
The Company is pleased to announce that the project for production of the speciality chemicals for supplies under the long-term supply agreement has been successfully completed on July 23, 2026, as per the timelines agreed with the customer.
Commenting on this development, Ravi Ashwin Shroff, managing director, Excel Industries said: “We are pleased to announce the successful completion of the project for production for supplies against the long term supply agreement on 23rd July 2026. The project has been completed as per the timelines agreed with the customer. This achievement underscores our execution abilities and our commitment towards fulfilling the customer expectations. This achievement will further strengthen our position as a reliable contract manufacturing partner, whilst diversifying our revenue base. We are hopeful that this will set the base for more opportunities for the company in the contract manufacturing space.”
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ALCHEMPro News Desk
