Anupam Rasayan signs $120 million LoI with Japanese chemical company

This product will be produced in their existing and future multipurpose manufacturing facilities.

By TBT Web Desk On Mar 23, 2023

Surat saw two huge fires in a year at Anupam Rasayan and Aether Industries — Anupam Rasayan in Surat

Surat : Anupam Rasayan (NSE, BSE: ANURAS), one of India’s leading custom synthesis and specialty chemical players, has signed a Letter of Intent worth $120 million (984 crores) with a leading Japanese chemical company to supply new age advance intermediate for life science active ingredient over the next six years. This product will be produced in their existing and future multipurpose manufacturing facilities.

Anand Desai, Managing Director of Anupam Rasayan, commented on the contract, saying, “We are excited to announce that we will be the primary supplier globally for this new age high value advance intermediate to the Japanese customer.” We are delighted to welcome yet another prominent Japanese multinational to our client list. This molecule’s sales will be among the highest for the company. This molecule is based on fluorination chemistry, which validates our fluorination expansion strategy.

This product is being manufactured in India for the first time, in accordance with the government’s make in India policy. This LOI demonstrates our technical capability to collaborate with Japanese customers on niche molecules and strengthens our revenue growth visibility in the coming years.”

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 caters to a diverse base of Indian and global customers. It is currently manufacturing products for over 71 domestic and international customers, including 27 multinational companies. The Company operates via its six manufacturing facilities in Gujarat, India, with four facilities located at Sachin, Surat and two located at Jhaghadia, Bharuch with an aggregate installed capacity of about 27,000 MT as of 31st December 2022. ARIL offers multistep synthesis and undertakes complex chemical reactions technologies, for a diverse base of Indian and global customers.