Anupam Rasayan signs LoI with BASQUEVOLT, S.A. for the potential long-term supply of a specialty chemical product worth $300 Mn

Anupam Rasayan India Ltd. (NSE: ANURAS, BSE: 543275), a leading custom synthesis and specialty chemicals company, announces that it has signed a non-binding Letter of Intent (LOI) with BASQUEVOLT, S.A., a European developer of solid-state lithium batteries, headquartered in Miñano (Araba/Álava), Spain. Under the LOI, the parties intend to explore the potential supply of a specialty chemical product over a period of up to 10 years for cumulative revenue of $300 Mn. The LOI is non-binding and preliminary. Any supply would be subject to the successful completion of product development and to the negotiation and signing of a definitive supply agreement.

Speaking about the signed LOI, Anand Desai, Managing Director of Anupam Rasayan, said: "This LOI reinforces our strategic focus on expanding in the electronic chemical domain, which we believe will be a key growth driver going forward. Our continued investments in R&D, process capabilities, and customer-centric innovation positions us well to capture emerging opportunities in this space.

This development marks a significant step forward in the Company's strategy to deepen its footprint in the high-growth electronic chemicals space, catering to advanced manufacturing and technologydriven industries. The engagement underscores the Company's strong R&D capabilities, quality standards, and its ability to meet stringent customer requirements in specialized chemical formulations."

Shares of Anupam Rasayan India Limited was last trading in BSE at Rs. 1262.40 as compared to the previous close of Rs. 1271.35. The total number of shares traded during the day was 4053 in over 269 trades.

The stock hit an intraday high of Rs. 1283.60 and intraday low of 1255.45. The net turnover during the day was Rs. 5160257.00.

Source : Equity Bulls

Keywords

AnupamRasayanIndia INE930P01018 SpecialtyChemicals LOI BASQUEVOLTSA