India’s equity benchmarks were little changed on Friday as markets paused near record highs hit in the previous session, with sentiment turning cautious ahead of Q2FY26 GDP growth data due later in the day.
At 10:19 a.m. IST, the Nifty inched up 0.05% to 26,229.25 while the Sensex added 0.08% to 85,784.49. Both indices rose 0.2% intraday but failed to sustain those gains.
Meanwhile, TANFAC Industries Limited has announced the signing of a domestic contract valued at ₹336 crore for the supply of High Purity Diluted Hydrofluoric Acid, also referred to as Solar Grade Diluted Hydrofluoric Acid.
The agreement has been signed with Krishna Organics, located in Vadodara. The contract covers the supply of High Purity Diluted Hydrofluoric Acid, a product essential for specialised chemical and solar applications. TANFAC clarified that the supply terms will follow mutually agreed specifications between both parties.
The estimated contract value stands at ₹336 crore, exclusive of GST. The duration of the agreement spans 3.5 years, with execution scheduled up to FY 2028–29. The company stated that this order has been secured in the normal course of business and does not fall under related party transactions. Additionally, no promoters or members of the promoter group hold any interest in Krishna Organics.
Afzal Malkani, Director at TANFAC Industries Limited, expressed that the company is “delighted to secure this esteemed order,” highlighting the continued trust placed in TANFAC by its partners. He remarked that the contract reinforces the company’s role as an important contributor to the chemical manufacturing sector and reflects its commitment to consistent and reliable customer service.
TANFAC Industries Limited is a joint sector enterprise promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). The company is one of India’s leading producers of Hydrofluoric Acid and its derivatives and commenced commercial operations in March 1985. Its manufacturing facilities, spread across 60 acres in the SIPCOT Industrial Estate, Cuddalore (Tamil Nadu), hold ISO 9001, ISO 14001, and OHSAS 18001 certifications. TANFAC’s product portfolio includes Anhydrous Hydrofluoric Acid, Sulphuric Acid, Potassium Fluoride, and Potassium Bifluoride.
On Friday, TANFAC Industries share price on an intraday basis jumped over 6% after the company signed a contract for the supply of solar-grade diluted hydrofluoric acid till the financial year 2028-29. As of 10:58 am, the stock price was trading at ₹4,115 per share, up by 5.47%.
In the last 12-month period, the stock price has given 83% returns, while in the last 5 years, the stock has given 2,157% returns.
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