Two giants of chemical sector join hands, Aarti Industries and UPL form JV for chemical supply

Two major companies in the chemical sector, UPL and Aarti Industries have signed the agreement. This contract is specifically for chemical supply. The news came after shares of Aarti Industries Ltd fell half a percent to close at Rs 626 on Thursday.

2 Month ago

Two major companies in the chemical sector, UPL and Aarti Industries have signed the agreement. This contract is specifically for chemical supply.

The news came after shares of Aarti Industries Ltd fell half a percent to close at Rs 626 on Thursday. On the other hand, the share of UPL Ltd fell by one percent to close at Rs 510.

UPL and Aarti Industries have formed a JV. AARTI IND and UPL have formed a JV, the company said in a disclosure to the exchange. AARTI IND and UPL have 50% each in the JV. The commercial supply business from the JV is expected to commence from the first quarter of the year 2026-27. It is expected to generate an annual income of Rs 400 to 500 crore.

Looking at the UPL stock performance, the company's shares have been falling for a long time. The stock has fallen by 13 percent since January till May 23, 2024. The stock has fallen 25 percent in a year. The decline has been more than 30 percent in three years.

According to the share price history of Aarti Industries, the shares of the company have been falling for a long time. The stock has fallen 4 percent since January till May 23, 2024. The decline has been more than 25 percent in three years.