Jubilant Ingrevia Ltd’s wholly-owned subsidiary, Jubilant Agro Sciences Ltd (JASL), signed a manufacturing agreement with an agrochemical company to produce an agro intermediate.
According to the agreement, JASL will generate approximately $300 million in revenue from the supply of the agro intermediate over the next several years once production begins. JASL will be responsible for investing in the manufacturing facility and delivering the product to the customer, as outlined in the filing.
As reported by thehindubusinessline.com, the partnership aims to create a ‘synergistic relationship’ where JASL will utilize its manufacturing capabilities, while the customer provides technological expertise, a global distribution network, and a strong brand presence in the agricultural sector.
