Specialty chemicals stock focused on producing advanced intermediated and specialty chemicals, which has well-known clients such as Aramco, Dr. Reddy’s, and many more, in green after it makes entry into the electrolyte additives and battery space.
At 9:30 a.m the shares of Aether Industries were trading at Rs. 918.05, up 1.22 percent from its previous day’s close price of Rs. 909.35 and its market capitalization is Rs. 11,818 Crores.
Aether Industries Limited has executed a strategic agreement with Global Lithium-Ion Battery Producer to announce entry into the electrolyte additives and battery space. The agreement includes the commercial supply finalization of one specific electrolyte additive and initiates the discussion on three others.
In Addition to this it had earlier signed a license agreement with Saudi Aramco Technologies Company for commercialisation of the sustainable converge polyols technology. The manufacturing process of this technology has been jointly developed and validated at a pre-commercial scale by Aramco.
Aether Industries Limited is a specialty chemicals manufacturer focused on producing advanced intermediated and specialty chemicals used in Pharmaceutical industries, coating, agrochemicals, additives, and many more.
It has a strong customer base with well-known clients such as Divis Laboratories, Dr. Reddy’s, Aramco, Laurus Labs, Polaroid, Mankind Pharma, and many more.
The company’s business segment revenue breakup is as follows, it generated 52 percent of its revenue from large-scale manufacturing of Advanced intermediates and specialty chemicals, 34 percent from contract manufacturing of products, and 13 percent from Contract research and manufacturing services.
The company’s revenue from operations grew 10.33 percent from Rs. 590 Crores in FY22 to Rs. 651 Crores in FY23, accompanied by increasing profits of Rs. 109 Crores to Rs. 130 Crores.
Written by: Bharath K.S
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