ARDK Wins Ilam Gas Refinery Catalyst Tender, Contract Still Pending
Sahmino Newsroom | 1 November 2026 | 11 days ago
Aria Industrial Catalysts, ticker ARDK, said in a filing on Sunday, November 1, 2026, that it had won a tender to supply titanium catalyst to the Ilam Gas Refining Company. Its final bid, excluding value-added tax, was 6,124,993,600,000 rials, which the company said equalled 71 percent of its previous fiscal year's sales revenue. This is a bid price, not revenue already recognised.
In Codal filing number 1626992, ARDK said the award was final but that work on signing the contract had only begun that day; its status remained 'awaiting contract'. The tender outcome is therefore known, while final execution terms have not yet been disclosed.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Since this story was published, ARDK rose 15 percent, to 2,602 rial.
Over the same days, Tehran Stock Exchange Index rose 10 percent, to 8,427,304.
Over the same days, US Dollar fell 2.7 percent, to 2,640,700 rial.
- ARDK
- +15.5%
- Tehran Stock Exchange Index
- +10.1%
- US Dollar
- −2.7%
Prices to the close of 11 November
From Sahmino that week
Farabi Pharma's Six-Month Profit Passed Its Whole Prior Year, but Operating Cash Is 37.6% of Profit; Entry Holds Up to 21,273 Rial (Monday 2 November 2026)
Article | 2 NovemberNew major holder in AE21: Tasmim Fixed Income Securities Fund at 58.56%
Calendar | 2 NovemberKardan Fixed Income Investment Fund cuts stake in AE21 to 41.44%
Calendar | 2 NovemberSHHZ's six-month operating cash covered 2.6% of profit versus 89.5% on a restated trailing year; Sahmino's invalidation is 3,080 rials (November 1, 2026)
Article | 1 November
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