Jubilant Ingrevia announced that its subsidiary has inked a pact with a leading agrochemical company to produce and supply it with an agro-intermediate for one of its key agro chemical products.

"We wish to inform you that Jubilant Agro Sciences, a wholly owned subsidiary of the company, has entered into an agreement with a leading Agrochemical Company to produce an Agro Intermediate for one of the key Agro actives of the customer," the company's exchange filing stated.

The filing added that the overall consideration will be paid based on the revenue of more than $300 million in the next few years after the commencement of production.

Jubilant Agro Sciences will invest in the manufacturing facility to supply the agro intermediate to the customer.

As per Jubilant Ingrevia, the customer is a multi billion dollar company. Other details of the company were not revealed in Jubilant's exchange filing.