The said MoU reflects the Ami Organics strategic foresights in aligning with the transformative industry trends in battery chemicals space. This product aligns with the Government’s Make in India initiative.
Naresh Patel, executive chairman & managing director, Ami Organics, said: “We are privileged to build a longterm association as we collaborate with an illustrious name in the industry, which not only instils confidence in us but also builds a path to broaden our scope in the battery chemicals space. This is a first of the several milestones to come that highlight our commitment towards establishing a stronghold in the niche specialty chemicals segment with high entry barriers and low competition.”
AMI Organics is engaged in business of drugs intermediate chemicals and related activities.
The company reported consolidated net loss of Rs 18.85 crore in Q2 FY24 as compared with net profit of Rs 19.04 crore in Q2 FY23. Net sales jumped 17.3% YoY to Rs 172.36 crore in Q2 FY24.
