TANFAC Industries Limited has announced that it has secured a major contract to supply Solar Grade Dilute Hydrofluoric Acid to Kredence Electronics Materials India Private Limited, headquartered in Vadodara. The contract, valued at approximately ₹732 crore (excluding GST), will span up to the financial year 2028–29.
According to the company, the supply order will be executed over a period of 3.5 years, based on mutually agreed specifications between both parties. TANFAC clarified that no additional capital expenditure will be required for the fulfillment of this order.
Commenting on the development, Ravichandran N R, President and CFO of TANFAC Industries, said, “We are delighted to secure this esteemed order, which demonstrates the continued trust reposed in TANFAC by leading industry partners. This achievement reaffirms our position as a vital player in the chemical manufacturing sector and supports our commitment to meeting the evolving needs of our customers with consistency and integrity.”
The company stated that this contract strengthens its role in supporting the solar and electronics manufacturing value chain and highlights growing domestic demand for high-purity industrial chemicals.
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