Aarti Industries has secured a Rs 6,000-crore contract for a niche specialty product from an existing customer. The supply is expected to commence from CY24, with a revenue run rate of Rs 1,500 crore per year. The company anticipates good demand growth for this product and plans to debottleneck its capacity. There is potential for increasing the contract size in the future. The EBITDA margin for this contract is around 15-17%.
The Yogi Adityanath government has distributed loans totaling Rs 6,55,684 crore in the last six and a half years to boost the micro, small and medium enterprises (MSME) sector in Uttar Pradesh.
The sector has provided employment to 2.5 crore youths during the period.
The government has been