Anupam Rasayan signs three MoUs with Government of Gujarat, a collaboration for afforestation

Anupam Rasayan (NSE, BSE: ANURAS), one of India's leading custom synthesis & speciality chemical player, has signed three Memorandums of Understanding (MoUs) with the Government of Gujarat for afforestation on a total land area of 150 hectares - 50 hectares located in Narmada district, 50 hectares located in Tapi District and 50 hectares located in Surat District. This project will be a part of Green Belt Development Drive by development of various lands earmarked by the Gujarat government for the purpose of plantation and maintenance of different kinds of trees.

Speaking about the MoUs, Anand Desai, Managing Director of Anupam Rasayan, expressed his enthusiasm stating, "We are excited to collaborate with the Forest Departments on this initiative. This will help offset our carbon emissions and further contribute to our goal of achieving energy net zero by 2027. We will be able to plant over 1,66,000 trees on these barren lands.

The partnership will support efforts to identify innovative methods for sustainable land management and afforestation. We look forward to working closely with the Government of Gujarat to rejuvenate these 150 hectares, enhancing its ecological value. We are committed to minimizing our carbon footprint and maximizing the positive impact of our business."

Shares of Anupam Rasayan India Limited was last trading in BSE at Rs. 883.60 as compared to the previous close of Rs. 879.05. The total number of shares traded during the day was 4846 in over 560 trades.

The stock hit an intraday high of Rs. 889.85 and intraday low of 877.00. The net turnover during the day was Rs. 4269553.00.

Source : Equity Bulls

Keywords

AnupamRasayanIndia INE930P01018 3MoUs GovernmentofGujarat