Aarti Industries Limited announced that the company has signed a binding term sheet for a 20 year period with Deepak Fertilisers and Petrochemicals Corporation Limited for offtake and supply of Nitric Acid. The parties plan to execute the formal agreement by the end of Calendar Year 2022. The supply arrangement comes into effect from April 1, 2023. Broad consideration or size of the orders /contracts: Estimated to be more than INR 80,000 million
over a period of 20 years.