Shares of Galaxy Surfactants Ltd surged 7% on 6 March after the company announced a strategic agreement to build performance surfactants and speciality chemicals plant overseas.

Galaxy Surfactants Limited announced that it has formed a strategic partnership with one of its global clients via its group companies to construct a Performance Surfactants and Specialty Ingredients factory in another nation from the ground up.

The client’s identity and financials are not disclosed in the company’s exchange filing because of the transaction’s secrecy.

As part of the contract, Galaxy will provide EPC (Engineering, Procurement, and Building) services, which include expert process design, procurement, engineering, plant construction, and commissioning.

The company also mentioned that discussions to fortify this agreement following the facility’s opening are already far along, indicating the potential for a long-term partnership.

The project aligns with Galaxy Surfactants’ strategy ambition to expand its global footprint, particularly in key target regions and supports the company’s broader expansion goal. The company emphasized in an exchange filing that this alliance demonstrates its strong client relationships, which are founded on its core values: Comfort, Competence, Character, and Competitiveness, or the “4Cs.”

At 3:05 pm, the shares of Galaxy Surfactants were trading 4.68% higher at Rs 2,344.15 on NSE.

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