Execution of Contract Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Private Limited

Aether Industries Limited (Aether) has executed a Contract Manufacturing Agreement with Milliken Chemical and Textile (India) Co. Private Limited, a wholly owned subsidiary of USA headquartered Milliken & Company (Milliken).

Under this agreement, Aether will be the current sole contract manufacturing partner for a key strategic product for Milliken. The initial duration of the agreement is 10 years. Aether's manufacturing facility Site 3+ will be fully dedicated for this project.

This product partnership will transition from Aether's CRAMS (Contract Research and Manufacturing Services) business model to Aether's Contract Manufacturing business model.

Shares of Aether Industries Limited was last trading in BSE at Rs. 786.90 as compared to the previous close of Rs. 790.70. The total number of shares traded during the day was 3984 in over 369 trades.

The stock hit an intraday high of Rs. 802.95 and intraday low of 785.70. The net turnover during the day was Rs. 3154596.00.

Source : Equity Bulls

Keywords

AetherIndustries SpecialtyChemicals INE0BWX01014 ContractManufacturingAgreement