Anupam Rasayan shines on signing a LOI worth Rs 145 crore with European Multinational Company
The share price of Anupam Rasayan made a fresh 52 week high in Tuesday’s trading session.
Anupam Rasayan one of India’s leading custom synthesis & speciality chemical player, has signed Letter of Intent (LOI) worth Rs 145 crore with existing long-term European multinational customer which is one of the top ten multinational company across the globe for supplying a new life science related active ingredient. The company will enter into a long-term contract for next three years to supply this life science related speciality chemical product.
The speciality chemicals major is manufacturing products for over 66 domestic and international customers, including 24 multinational companies. The company has a long history of high customer retention and have been manufacturing products for select customers for over a decade. The company caters to a diverse base of Indian and global customers.
The share price of Anupam Rasayan made a fresh 52 week high in Tuesday’s trading session. The shares of Anupam Rasayan soared by more than 4 per cent on Tuesday, on an intraday basis. Since listing the stock is up by more than 57 per cent.
About Anupam Rasayan India Ltd. (ARIL):
Anupam Rasayan India Ltd (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India. Incorporated in 1984, the speciality chemicals major has two verticals: Life science related Specialty Chemicals comprising products related to Agrochemicals, Personal Care and Pharmaceuticals, Other Specialty Chemicals comprising Specialty Pigment and Dyes, and Polymer Additives. The company operates via its six manufacturing facilities in Gujarat, India, with four facilities located at Sachin, Surat and two located at Jhagadia, Bharuch with an aggregate installed capacity of 26,989 MT, as of June 30, 2021.