Maximus International’s arm enters into long-term supply arrangement with NLFL

02 Sep 2022 Evaluate

Maximus International’s wholly owned subsidiary -- Maximus Global FZE (MGF), has entered into a long-term (3 years) supply arrangement of around 5 million litres (around Rs 55.00 crore as per current pricing) of bulk white oils and base oils with one of its larger customers namely Neo Lubritech FZ-LLC (NLFL), UAE. NLFL has been a distributor and wholesaler for MGF in the Middle East and North Africa (MENA) region for various bulk petroleum products. MGF and NLFL have been associated with each other in this business for over 3 years and enjoy a strong working relationship in the MENA region. NLFL plans to further add other key petroleum products, supplied by MGF, in the coming years to grow its business and sales. The company is confident that this association will scale further heights and would enable MGF become a Major Player in this market. Such an arrangement will also fuel the growth strategy of Maximus Group, which was unveiled few weeks ago.

Maximus International is primarily engaged in the business of importing and exporting lubricant oils, different types of base oils and other chemical products used mainly in the Automobile Industry, Power Industry and Metal manufacturing among others.

Maximus Internatl. Share Price

18.66 -0.98 (-4.99%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Redington 191.50
Adani Enterprises 2182.55
Amrapali Industries 18.01
Rashi Peripheral 361.95
Compuage Infocom 2.58
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.