Anupam Rasayan signs ₹922 crore, 10-year Letter of Intent with Korean MNC for specialty chemicals

Chemicals maker Anupam Rasayan India Ltd on Monday (March 10) said it has signed a 10-year letter of intent valued at $106 million (approximately ₹922 crore) with a Korean multinational recognised for its leadership in specialty chemicals for a high-performance niche chemical expected to be supplied from FY26.”This long-term partnership reinforces Anupam’s expertise in delivering advanced chemical solutions and strengthens its presence in high-growth global markets,” it said.

Also Read: Anupam Rasayan targets 30-35% FY26 revenue growth as agrochem demand rebounds

Gopal Agrawal, CEO of Anupam Rasayan, said,” Securing this long-term LOI with a global industry leader is a testament to our strong R&D capabilities and commitment to innovation. The specialty chemical covered under this agreement has niche applications in the aviation and electronics sectors.With our robust backward integration capabilities, we ensure a stable and efficient supply chain, offering reliability and consistency to our global customers. Expanding into South Korea adds another significant geography to Anupam Rasayan’s global presence, positioning the company for long-term growth in one of the world’s most advanced manufacturing hubs.”

Shares of Anupam Rasayan India Ltd ended at ₹787.00, up by ₹6.65, or 0.85%, on the BSE.

Also Read: Q2FY25 outlook for specialty chemicals weak, demand sluggish with margin pressure from China