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Aarti Industries has entered into a multi-year supply agreement with a top global agrochemical innovator for the supply of a critical agrochemical intermediate used in crop protection formulations. This agreement elevates the current annual engagement to a structured supply contract through 31st March 2030, with a significant increase in volumes. The agreement is expected to generate revenue of approximately USD 150 million over the contract period, providing AIL with enhanced revenue visibility in the medium to long term.
Under the terms of the agreement, AIL will manufacture and supply the intermediate, leveraging its integrated, scalable manufacturing platform, deep process chemistry expertise, and established global regulatory compliance framework. AIL has adequate capacities to meet this requirement and thus this contract supports AIL to attain higher capacity utilisation and volumes without incremental capex. The intermediate will be used by the customer in the manufacturing and formulation of crop-protection products for global agricultural markets.
ACME Solar Holdings (ACME Solar) through its subsidiary, ACME Greentech Seventh, has signed two Power Purchase Agreements (PPAs) with SJVN for a total capacity of 450 MW/1,800 MWh. The PPAs has been signed for a tenor of 25 years on 2 March 2026.
The projects will be connected to ISTS substations and will utilize night-time connectivity available with ACME Solar at high irradiation zones in Rajasthan.
Under the PPAs, ACME Solar will supply 4 hours of assured peak power supply during non solar hours with 90% availability on monthly and annual basis.
Following this PPA, ACME Solar has signed 1,690 MW of PPAs in current financial year taking the total PPA signed capacity to 6,270 MW.
The transaction forms part of Aurum PropTech's broader strategic shift toward AI-driven PropTech platforms, with the company committing significant capital toward building advanced artificial intelligence capabilities across the real estate ecosystem. The proceeds from the transaction will further strengthen Aurum's growing AI investment pool and support the accelerated development of intelligent digital infrastructure for the real estate sector.
The assets have a approximate book value of Rs 27 crore, and the transaction will generate a substantial profit, thereby enhancing the Group's profitability metrics and strengthening its balance sheet.
Following the completion of the transaction, Aurum PropTech is expected to become debt-free, as the sale proceeds will be utilized to prepay Lease Rental Discounting facility (LRD) of Rs 56 crore.