Navin Fluorine extends Honeywell contract to Dec 2032, value up to $590 million
Navin Fluorine International Limited has extended its contract with Solstice Advanced Materials US, Inc. The agreement now runs until December 2032, adding 4 years to the original term. This amendment increases the total contract value by approximately $180 million, bringing the total to $590 million over 11 years.
The significant increase in contract value and extension of tenure directly impacts the company's long-term revenue projections and strengthens its strategic partnership.
The extension of the contract and increase in its value indicate a positive development for the company's future revenue and business relationship with a key partner.
Navin Fluorine International Limited (NFIL) has announced an amendment to its 7-year contract with Solstice Advanced Materials US, Inc. (formerly Honeywell International Inc.) for the manufacture and supply of Hydrofluoroolefins (HFO) through its wholly-owned subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL), at its Dahej site.
The amendment, approved by the Board of Directors of NFASL, extends the contractual tenure to December 2032. This extends the original 7-year term by an additional 4 years, increasing the total contract value by approximately $180 million. The total contract value now stands at approximately $590 million over an 11-year period.
This intimation is made available on the Company’s website www.nfil.in.
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Navin Fluorine International Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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