Anupam Rasayan Signs $106 mn LOI with a Leading Korean MNC

Anupam Rasayan India Ltd. (NSE: ANURAS, BSE: 543275), a leading custom synthesis and specialty chemicals company, has signed a 10-year letter of intent valued at $106 million (approximately ₹922 crores) with a Korean multinational recognized 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.

Speaking about the signed LOI, 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 Limited was last trading in BSE at Rs. 787.70 as compared to the previous close of Rs. 780.35. The total number of shares traded during the day was 14199 in over 1599 trades.

The stock hit an intraday high of Rs. 791.95 and intraday low of 764.50. The net turnover during the day was Rs. 11046548.00.

Source : Equity Bulls

Keywords

AnupamRasayanIndia INE930P01018 SpecialtyChemicals 10Years LOI OrderWin Korea Multinational