Anupam Rasayan Secures $106 Million LOI with Korean MNC, Expanding Global Footprint
Anupam Rasayan India Ltd. has signed a 10-year Letter of Intent worth $106 million with a prominent Korean multinational corporation. The agreement, starting from FY 2025-26, involves supplying a high-performance niche chemical for aviation and electronics sectors. This deal marks Anupam Rasayan's expansion into South Korea, enhancing its global presence. The company's CEO, Gopal Agrawal, emphasized the strategic importance of this partnership and the company's strong R&D capabilities.

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Anupam Rasayan India Ltd. (NSE: ANURAS, BSE: 543275), a leading custom synthesis and specialty chemicals company, has made a significant stride in its global expansion strategy. The company announced on March 10, 2025, that it has signed a 10-year Letter of Intent (LOI) worth $106 million (approximately ₹922 crore) with a prominent Korean multinational corporation.
Strategic Partnership
The long-term agreement, set to commence from the fiscal year 2025-26, marks a substantial business opportunity for Anupam Rasayan. The LOI covers the supply of a high-performance niche chemical, showcasing the company's expertise in advanced chemical solutions.
Expanding Global Presence
Gopal Agrawal, CEO of Anupam Rasayan, commented on the development:
"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."
He further emphasized the strategic importance of this partnership, stating:
"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."
Supply Chain Reliability
Agrawal highlighted the company's robust backward integration capabilities, ensuring a stable and efficient supply chain. This aspect of Anupam Rasayan's operations is crucial in offering reliability and consistency to its global customers, a factor that likely played a role in securing this significant international contract.
Company Profile
Anupam Rasayan, incorporated in 1984, has established itself as a key player in the specialty chemicals sector. The company operates through six manufacturing facilities in Gujarat, India, with an aggregate installed capacity of about 30,000 MT as of December 31, 2024.
Anupam's business is divided into two main verticals:
- Life science related Specialty Chemicals: Products related to Agrochemicals, Personal Care, and Pharmaceuticals
- Other Specialty Chemicals: Specialty Pigments and Dyes, and Polymer Additives
The company currently manufactures products for over 71 domestic and international customers, including 31 multinational companies, showcasing its strong global presence and diverse client base.
Market Impact
This new agreement not only reinforces Anupam Rasayan's position in the global specialty chemicals market but also opens up opportunities in the high-tech sectors of aviation and electronics. The long-term nature of the contract provides a stable revenue stream and demonstrates the company's ability to meet the exacting standards of international clients.
Key Aspects | Details |
---|---|
LOI Value | $106 million (₹922 crore) |
Duration | 10 years |
Commencement | Fiscal year 2025-26 |
Partner | Korean multinational corporation |
Product | High-performance niche chemical |
Applications | Aviation and electronics sectors |
As Anupam Rasayan continues to expand its global footprint and diversify its product portfolio, investors and industry observers will be keenly watching how this new partnership contributes to the company's growth trajectory in the coming years.
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