Arfin India Ltd enters into service agreement with Tata International Ltd

Arfin India Limited ("Company") has entered into service agreement with Tata International Limited ("TIL") and Tata International Singapore Pte. Ltd. ("TISPL") for supply of Aluminum scraps and other materials in Indian Market, whereby Arfin India Limited will provide Business Development Services for procurement and sales to TIL and TISPL. This service agreement will be effective from September 2022.

The board approved Stock & Sale agreement with TIL for supply of Aluminium scraps and other materials annually to the Company.

The board also approved purchase agreement on high seas sale basis with TIL for supply of Aluminium scraps and other materials annually to the Company.

These agreements estimated to cover a volume of around 10,000 MT to 15,000 MT, will facilitate the easy availability of inventories for the Company.

Source : Equity Bulls

Keywords

ArfinIndia ServiceAgreement TataInternational AluminiumScrap IndiaMarket