iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Ami Organic climbs on signing multi-year agreement with Fermion

28 Nov 2022 , 09:43 AM

Fermion, a fully owned subsidiary of Orion Corporation, Finland, manufactures active pharmaceutical ingredients (APIs) and part of Orion Group. Fermion develops and manufactures APIs for Orion. Fermion also develops, manufactures and markets APIs to companies in global generic market as well as under exclusive contracts to companies focusing on new chemical entities (NCEs). Based on the supply projection shared by Fermion, the total minimum contract value is expected to be multi-million Euro, spread across a 10-year horizon. The product is expected to start contributing meaningfully to the revenue from FY24. Naresh Patel, executive chairman & managing director, Ami Organics, said: I am extremely pleased to take the partnership with our existing European innovator customer to the next level with this multi-year multi-tonne contract. This reaffirms the trust our customers have in AMI, making us a partner of choice and fortifying our leadership position in the intermediate market. I am confident that we will continue to strengthen our relationship with more opportunities in the future. Arto Toivonen, president, Fermion, said: We are delighted to extend our partnership with AMI Organics who have been working with us well over ten years. AMI Organics strong chemistry skills, technical expertise, and professional team makes them our trusted supplier. We believe this partnership will add further value to both the organisations. Surat-based Ami Organics is a R&D driven manufacturer of specialty chemicals with varied end usage, focussed on the development and manufacturing of advanced pharmaceutical intermediates (pharma intermediates) for regulated markets and generic active pharmaceutical ingredients (APIs) and New Chemical Entities (NCE) and key starting material for agrochemical and fine chemicals. The companys consolidated net profit rose 9% to Rs 19.04 crore on 20.2% jump in revenue from operations to Rs 146.99 crore in Q2 FY23 over Q2 FY22. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.