Anupam Raşayan India Limited (ARIL), one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals, has signed LoIs (Letter of Intent) and contracts worth Rs. 2,620 crore in FY22 with multinational companies.  

Signed LoIs and Contracts by Anupam Rasayan

Multinational Life Science Company - Rs. 1,100 Cr

Two Multinational Companies - Rs. 540 Cr

European Multinational Company - Rs. 144 Cr

Japanese Multinational Company - Rs. 135 Cr

Multinational Crop Protection Company - Rs. 700 Cr

Total - Rs. 2,620 Cr

The company has signed two contracts with one of the leading European crop protection companies for supplying two niche life science related specialty chemicals in Q3 FY23.

The country is seeing the trend whereby India is being chosen as preferred manufacturing base for strategic products presently being manufactured in Europe and expect few more niche products to be added in Anupam’s product portfolio in near term as part of Europe plus one strategy.

"Our philosophy of carrying a long-term vision in our business conduct is bearing its fruits as along with China+1 trend, Anupam has started seeing the benefits of Europe+1 trend with our latest announcement of signing two contracts with one of the European Crop Protection companies. These contract wins are a testament to our chemistry strength and our ability to deliver products based on the requirement of the customer," Anand S. Desai, Managing Director, Anupam Rasayan India Limited.

"Overall, we continue to see upward bias in all the contracted volumes with major customers. This makes us confident of delivering a strong performance in the coming quarters and for the year,” Desai.