Mumbai, 14 November (Udaipur Kiran). Excel Industries edged higher on Thursday after the company announced that it has signed a binding term sheet with a leading Indian specialty chemicals manufacturer for the long-term supply of a specialty chemical.
The stock was trading at ₹998 on the BSE, up 0.35% from its previous close of ₹994.50. It opened at ₹989.10 and moved between ₹998 and ₹989.10 during the session, with 98 shares traded. The BSE ‘B’ group stock, with a face value of ₹5, has a 52-week high of ₹1,745 (14 November 2024) and a 52-week low of ₹798.50 (3 March 2025). The company’s market capitalisation stands at ₹1,254.56 crore. Promoters hold 52.68%, institutions 8.80% and non-institutions 38.52%.
The company said the supply agreement covers a period of five years, with projected annual revenue of ₹35–40 crore from jobwork charges. To support the agreement, Excel Industries will set up a dedicated production line, expected to be commissioned in June 2026. The estimated capital expenditure for the project is around ₹40 crore, and the company will receive ₹25 crore as trade advance from the customer.
Excel Industries manufactures agrochemical intermediates, phosphates, specialty chemicals, biocides and pharmaceutical products.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
