Anupam Rasayan signs LoI worth Rs145cr to supply new life science-related active ingredient

The speciality chemicals major is manufacturing products for over 66 domestic and international customers, including 24 multinational companies.

Sep 28, 2021 05:09 IST India Infoline News Service

Anupam Rasayan has signed a Letter of Intent (LOI) worth Rs145cr with an existing long-term European multinational customer which is one of the top ten multinational company across the globe for supplying a new life science-related active ingredient. The company will enter into a long-term contract for the next three years to supply this life science-related speciality chemical product.

Anand Desai, Managing Director of Anupam Rasayan, said, “We are elated to sign this letter of intent for this new Active Ingredient as it re-instils our profound relationship with our long-standing customer. We highly appreciate the faith and confidence exhibited by this customer for selecting us as a partner to launch this new molecule."

Desai added, "It is a breakthrough and assurance of capability of proving in new lines of chemistry and making cost-effective solution for our customers in life science segment. It affirms our dedication to the use of advanced technologies by our R&D and further strengthens our diversified product portfolio.”

The speciality chemicals major is manufacturing products for over 66 domestic and international customers, including 24 multinational companies.

The company has a long history of high customer retention and have been manufacturing products for select customers for over a decade. The company caters to a diverse base of Indian and global customers.

On Sensex, Anupam Rasayan closed at Rs809.45 per piece up 1.5%. 

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