Anupam Rasayan inks $195 mn LOI with US MNC for specialty chemical

Anupam Rasayan India Ltd. (NSE: ANURAS, BSE: 543275), a leading custom synthesis and specialty chemicals company, is pleased to announce the signing of a Letter of Intent (LOI) with US MNC, a global leader in science and innovation, to supply a high-performance specialty chemical used in critical Polymer applications. The supply of this product will span over next 10 years, with cumulative sales projected to reach $195 million (₹1,697 crores). This product will be manufactured in existing manufacturing facilities.

Speaking about the signed LOI, Gopal Agrawal, CEO of Anupam Rasayan, said: "We are honored to partner with US multinational, a global pioneer in innovation and technology. This LOI underscores our capability to deliver advanced, tailor-made chemical solutions for Polymer applications such as defence and aeronautics. We have been working on the development of this product for the last three years, investing significant time in trials and validation to ensure its performance meets the highest industry standards. The specialty chemical we are supplying will play a pivotal role in enhancing performance and ensuring safety under the most challenging conditions. Furthermore, this collaboration enables us to diversify our portfolio into a strategic market segment, which we regard as a cornerstone of our growth strategy."

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ALCHEMPro News Desk (HU)