Excel Industries Commissions ₹40 Crore Specialty Chemicals Manufacturing Facility for Five-Year Supply Contract
Excel Industries Limited has completed and commissioned a dedicated specialty chemicals production facility to supply a leading Indian specialty chemicals company under a five-year long-term supply agreement. The project was completed on July 23, 2026, in line with timelines agreed with the customer.
The company had first announced the signing of a binding term sheet for the supply arrangement in November 2025. The contract is expected to generate annual income of ₹35-40 crore, net of raw material costs, over its five-year term.
To execute the agreement, Excel Industries committed to setting up a dedicated manufacturing facility at an estimated capital expenditure of approximately ₹40 crore. The company had also disclosed that it would receive a customer trade advance of ₹25 crore to support the project.
Managing Director Ravi Ashwin Shroff said the completion of the project on schedule underscores the company's execution capabilities and its commitment to customer expectations, and is expected to strengthen its position as a contract manufacturing partner while diversifying its revenue base.
The project forms part of Excel Industries' broader strategy of expanding its contract manufacturing business, with the company indicating the facility could support further opportunities in this segment going forward.