Aarti Industries (AIL) announced entering into a material amendment to its exclusive long-term supply agreement originally signed with leading global chemical company.
Under the agreement, one of the critical feedstock was provided by the customer. As part of the extended scope, AIL will undertake a backward integration project to set up a plant that shall manufacture a significant share of this key feedstock in-house, thereby transitioning to a highly integrated, end-to-end manufacturing model.
AIL expects to invest approximately Rs 200–250 crore over a period of the next two years towards this upstream integration. This backwards integrated facility is expected to be set up at the same location (where the current plant is situated) to cater to requirements under the main agreement, i.e., at Dahej SEZ, Gujarat.
Aqylon Nexus has executed a Memorandum of Understanding (MoU) with DataDirect Networks India, the world's leading AI data platform provider to explore strategic collaboration leading the development of AI-ready hyperscale data centres that will serve as the backbone of the nation's digital transformation.
The MoU has been executed with the objective of exploring potential strategic collaboration opportunities in the domains of Artificial Intelligence (AI) and Hyperscale Data Centre infrastructure.