Meghmani Organics rises on bagging supply contract worth $100 million

14 Nov 2022 , 01:09 PM

In an exchange filing made during market hours today, the company said that it has signed a supply agreement with one of the leading Global Agrochemical Company for supply of specific agrochemical products for a period of 5 years. The total agreement value is approximately $100 million. The Meghmani Group manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber. It also manufactures a wide variety of commonly used pesticides for crop and non-crop applications. The latter includes insect control in wood preservation and food grain storage. The company reported 13.1% rise in net profit to Rs 73.4 crore on a 20.1% jump in revenue from operations to Rs 655.2 crore in Q2 FY23 over Q2 FY22. Powered by Capital Market – Live News