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06-09-2023 10:35 AM | Source: Accord Fintech
Aether Industries jumps on inking license agreement with Saudi Aramco Technologies Company
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Aether Industries is currently trading at Rs. 1031.05, up by 49.05 points or 4.99% from its previous closing of Rs. 982.00 on the BSE.

The scrip opened at Rs. 1020.15 and has touched a high and low of Rs. 1055.95 and Rs. 1017.05 respectively. So far 14960 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1050.00 on 9-Jun-2023 and a 52 week low of Rs. 736.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1055.95 and Rs. 915.45 respectively. The current market cap of the company is Rs. 12745.54 crore.

The promoters holding in the company stood at 87.07%, while Institutions and Non-Institutions held 9.95% and 2.97% respectively.

Aether Industries has inked a license agreement with Saudi Aramco Technologies Company for the commercialization of the sustainable Converge polyols technology. The agreement formally initiates Aether’s activities towards the manufacturing and commercialization at Aether of the Converge polyols technology and product series, the manufacturing process for which has been previously jointly developed and validated at pre-commercial scale by Aramco and Aether. The agreement also captures the next set of important milestones.  

Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.