Aether Industries’ shares rose nearly 3% in early trade on Wednesday, January 15, after the company announced the execution of an amendment to its strategic supply agreement with Baker Hughes, a global leader in energy technology.
Details of the Amendment
- The amendment was executed on January 7, 2025, with the final document received today, January 15.
- The agreement finalizes volume and pricing terms for the first two products to be exclusively supplied by Aether Industries to Baker Hughes.
- These products will be manufactured exclusively by Aether’s wholly-owned subsidiary, Aether Specialty Chemicals Ltd..
Expanded Collaboration
This amendment represents a significant development in the collaboration between Aether Industries and Baker Hughes. It builds on the original strategic supply agreement signed on June 25, 2024, reflecting both parties’ commitment to deepening their partnership.
Aether Industries Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Tue, Jan 14 2025
|
₹835.00
|
₹830.85
|
|
|
Mon, Jan 13 2025
|
₹842.30
|
₹823.25
|
-4.75%
|
|
Fri, Jan 10 2025
|
₹905.00
|
₹864.30
|
-4.28%
|
|
Thu, Jan 9 2025
|
₹909.90
|
₹902.90
|
|
|
Wed, Jan 8 2025
|
₹904.65
|
₹895.60
|
-0.51%
|
|
Tue, Jan 7 2025
|
₹871.10
|
₹900.20
|
|
|
Mon, Jan 6 2025
|
₹906.00
|
₹883.20
|
-2.48%
|
|
Fri, Jan 3 2025
|
₹888.80
|
₹905.70
|
|
Advanced Manufacturing Facility
- Manufacturing activities for this agreement will be carried out at Site 4, Aether’s newly developed advanced facility.
- The site is equipped with cutting-edge assets, plants, and machinery specifically commissioned for this partnership under Aether Specialty Chemicals.
