Anupam Rasayan signs Rs 984 crores LoI with Japanese chemical company

The contract is for 6 years to supply new age advance intermediate for life science active ingredient

Leading custom synthesis & speciality chemical makers Anupam Rasayan has signed Letter of Intent (LoI) worth revenue of US$120 million (Rs 984 crores) for next 6 years with one of the leading Japanese chemical company to supply new age advance intermediate for life science active ingredient.

This product will be manufactured in Anupam Rasayan's existing as well as upcoming multipurpose manufacturing facilities.

Anand Desai, Managing Director of Anupam Rasayan, said, “We are excited to announce that we will be primary supplier globally for this new age high value advance intermediate to the Japanese customer. We are happy to add yet another marquee Japanese multinational in our customer portfolio. Sales realisation for this molecule will be one of the highest for the company. This molecule is based on fluorination chemistry which further validates our strategy of expansion in fluorination."

"This product is being manufactured for the first time in India and it is in line with the government’s 'Make in India' policy. This LoI demonstrates our technical capability to work on niche molecule along with Japanese customers and strengthens our revenue growth visibility in the coming years.”