Key Points of Anupam Rasayan Latest Order:
- Anupam Rasayan, an Indian specialty chemicals company, experienced a 4% intraday increase on April 25th as its share price reached a 52-week high of Rs 1,123.45.
- The increase followed the announcement of a Rs 380 crore order from a leading American multinational corporation.
- Anupam Rasayan signed a letter of intent to supply a new-age specialty chemical advance intermediate to the American MNC, expected to generate $46 million in revenue over the next five years.
- The product will be manufactured at the company’s upcoming multipurpose manufacturing facilities.
- Managing Director Anand Desai expressed his excitement over establishing a new relationship with an American MNC customer through this long-term LoI.
- The company’s ability to develop and manufacture complex fluorinated products was demonstrated through the creation of a niche fluorinated molecule that will serve as an advanced intermediate for manufacturing high-end engineering fluids and an active pharmaceutical ingredient.
- Anupam Rasayan also signed an LoI worth $182 million with a leading Japanese company, agreeing to manufacture and supply three high-value speciality chemicals for the next seven years.
Details of Anupam Rasayan Latest Order:
Anupam Rasayan, a specialty chemicals company based in India, experienced a 4 percent intraday increase on April 25th, as its share price reached a 52-week high of Rs 1,123.45. This follows the announcement of a Rs 380 crore order from a leading American multinational corporation.
Anupam Rasayan revealed that it has signed a letter of intent with the American MNC to supply a new-age specialty chemical advance intermediate, which is expected to generate $46 million (Rs 380 crore) in revenue over the next five years. The product will be manufactured at the company’s upcoming multipurpose manufacturing facilities.
Managing Director Anand Desai said that he was thrilled to establish a new relationship with an American MNC customer through this long-term LoI. The product, a niche fluorinated molecule, will serve as an advanced intermediate for the manufacturing of high-end engineering fluids and an active pharmaceutical ingredient, demonstrating the company’s ability to develop and manufacture complex fluorinated products.
In addition, Anupam Rasayan recently signed an LoI worth $182 million (Rs 1,500 crore) with a leading Japanese company, agreeing to manufacture and supply three high-value speciality chemicals for the next seven years.
The stock was trading at Rs 1,124.50, up 4.5 percent on the National Stock Exchange at 10.32 am.
About Anupam Rasayan:
Anupam Rasayan produces specialty chemicals designed for various market segments, including but not limited to agrochemicals, anti-bacterial solutions, polymers, pharmaceuticals, and material sciences.
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