Anupam Rasayan Strengthened Japanese Business: Signed LOI

On April 02, 2024, speciality chemical manufacturer Anupam Rasayan India Limited announced that it had signed a Letter of Intent (LOI) with a leading Japanese multinational company worth revenue of ~$90 Mn (₹743 crores) over the next 7 years. As per LOI, the company will supply two advanced intermediates using fluorination chemistry, which will be manufactured in its existing and soon-to-be commercialised fluorination plants.

“We are pleased to announce the signing of a Letter of Intent (LOI) with one of the largest Japanese

players in Fluorochemicals. Anupam will be the first company in India to manufacture these

key molecules within the country, with applications in both the pharmaceutical as well as

engineering fluids, the signing of LOI also marks the addition of this new marquee customer,” said Anand Desai, Managing Director of Anupam Rasayan

He added, “Our Business Development Team has demonstrated exceptional proficiency in creating

opportunities that aligns with our global expansion goals by cultivating strong ties with our

Japanese counterparts. This landmark LOI not only expands and diversifies our customer base

but also solidifies our position in the Japanese markets as one of the most reliable partners for

supplying specialized molecules to global majors.”

During Q3 FY2024, the company signed a Letter of Intent worth $61 Mn, i.e. ₹507 crore for

the next 9 years, with one of the leading Japanese chemical companies supplying new-age polymer intermediates. The company is optimistic that its Japan business will see strong growth in the coming years and will likely become a major business centre for Anupam Rasayan.

For 9MFY24, the company witnessed a drop of 1.26% in total revenue to ₹10,923 million, and EBITDA (incl. other income) for the period amounted to ₹3,062 million as compared to ₹2,984 million in 9MFY23. This reflects a YoY growth of 2.62%.

About Anupam Rasayan India Limited

Incorporated in 1984, Anupam Rasayan India Ltd (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India. It mainly serves a diverse base of Indian and global customers. It currently manufactures products for over 73 domestic and international customers, including 29 multinational companies.

On April 03, 2024, the Anupam Rasayan share price opened at ₹924.00 and touched the day high of ₹945.05 at 09:40 AM.

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