Anupam Rasayan signs MoU with the Government of Gujarat (GoG) with an investment of Rs. 670 Crores for setting three new units

Surat, March 22, 2023: Anupam Rasayan India Ltd. (NSE, BSE: ANURAS), one of India’s leading custom synthesis & speciality chemical players, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for setting up new plants with an investment of Rs. 670 crores. These plants will be set up in Jhaghadia and Sachin in Gujarat. The company aims to commission the plants before 2025.

The large part of the plants will focus on manufacturing Fluorochemicals which will service the demands of existing and potential clients catering to Agrochemical, Polymers and Pharma sectors in Japan, Europe and America.

Speaking on the occasion, Anand Desai, Managing Director of Anupam Rasayan, said, “We are pleased to announce the MoU we have signed with the Gujarat Government for setting up three new plants in Surat and Bharuch. The investment of Rs. 670 crores is in line with the strategic move to expand our operations and strengthen our manufacturing capabilities.

The new units will bolster our growth prospects and allow us to diversify our product offering. We will introduce niche Fluoro derivatives on exclusive basis for the relevant customer”

About Anupam Rasayan India Ltd. (ARIL):

Anupam Rasayan India Ltd (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India. Incorporated in 1984, the speciality chemicals major has two verticals: Life science related Specialty Chemicals comprising products related to Agrochemicals, Personal Care and Pharmaceuticals, Other Specialty Chemicals comprising Specialty Pigment and Dyes, and Polymer Additives. The Company caters to a diverse base of Indian and global customers. It is currently manufacturing products for over 70 domestic and international customers, including 26 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. The Company operates via its six manufacturing facilities in Gujarat, India, with four facilities located at Sachin, Surat and two located at Jhaghadia, Bharuch with an aggregate installed capacity of about 27,200 MT, as of 31^st December, 2022.

ARIL offers a multistep synthesis and undertakes complex chemical reaction technologies, for a diverse base of Indian and global customers. The Company is focused on developing in- house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.