Provider: Thomson Reuters Stock Report
Nandan Cleantec PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Nandan Cleantec PLC Subsidiary Announces Award of supply Agreement
Nandan Cleantec PLC (Nandan) announced that its subsidiary Cleantec Industries Limited has signed a supply agreement with HK Petroleum Limited (HK). HK is a marketing, sales, trading and logistics company focused on the heavy oils sector of the Petroleum industry. Nandan has agreed to produce 12,500 metric tonnes of Methyl Esters and or Biodiesel collectively per month for HK. This supply agreement of 12,500 metric tonnes represents approximately 50% of the full capacity of Nandan's current processing facility located within the Special Economic Zone in Visakhapatnam, India. NCL's agreement with HK is contracted to last for a minimum period of 12 months and will be renewed for successive periods of 12 months at each anniversary if both parties agree. It is anticipated that the first sales of Methyl Esters and/or Biodiesel under this agreement will commence in April 2013.
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