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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Anupam Rasayan shares in focus after $106 crore deal with Korean MNC
Anupam Rasayan India shares will be in focus on Tuesday after the company signed a 10-year Letter of Intent (LOI) worth $106 million (approximately Rs 922 crore) with a Korean multinational specializing in specialty chemicals. The high-performance niche chemical under this agreement is 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,» the company stated.
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."
Also Read: Stocks in news: City Union Bank, Navin Fluorine, Syngene, IIFL Finance, NLC India, Sharda Cropchem and Arvind Fashions
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