Navin Fluorine Extends Multi-Year Contract to $590 Million

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 __ Key Deal Highlights __ * Contract Tenure Extended: Term prolonged by 4 additional years, pushing expiry from original schedule to December 2032. * Substantial Value Expansion: Added ~$180 million in revenue potential, expanding total contract value to ~$590 million over 11 years. * Execution Partner: Manufactured via Wholly Owned Subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL), at Dahej, Gujarat. * Counterparty Update: Contract modified with Solstice Advanced Materials US, Inc. (assignee from Honeywell International Inc.). ------ Contract Evolution & Revenue Scope ------ The original agreement, inked on February 25, 2020, and updated on January 28, 2022, established a 7-year, $410 million contract with Honeywell International Inc. for the supply of next-generation Hydrofluoroolefins (HFOs). Following today's decision by the Board of Directors of NFIL's wholly-owned subsidiary—Navin Fluorine Advanced Sciences Limited (NFASL)—the agreement has been officially extended with contract assignee Solstice Advanced Materials US, Inc. The amendment adds four full years to the original commitment, driving a incremental revenue stream of approximately $180 million and bringing the cumulative contract length to 11 years. Disclosure /Disclaimer Link: *****