Home / Business and Economy / Advance Agrolife Secures Rs 30 Cr Deal with National Fertilizers
Advance Agrolife Secures Rs 30 Cr Deal with National Fertilizers
11 Apr
Summary
- Advance Agrolife received a Rs 30.37 crore letter of intent.
- The contract is for supplying various agrochemicals to National Fertilizers.
- The agreement is valid until September 30, 2026.
Advance Agrolife announced on April 11, 2026, that it has received a letter of intent valued at Rs 30.37 crore from National Fertilizers Limited (NFL). This substantial contract is for the supply of various agrochemicals and will be executed against a 5% security deposit. Payments are to be made within 90 days from the invoice date.
The agreement mandates the supply of agrochemicals throughout NFL's marketing territory, catering to specific requirements until September 30, 2026. Advance Agrolife, a manufacturer and distributor of agrochemicals, confirmed the order was placed by a domestic entity, with no related-party interests involved.
This development follows a period of growth for Advance Agrolife, which reported an 8.3% increase in standalone net profit to Rs 3.01 crore for the third quarter of FY26 compared to the previous year. Revenue from operations also saw a healthy rise of 17.2% in the same period.
