Long term contract worth $53 Million (₹436 crores) renewed with the leading German Multinational

 

Surat, May 09, 2023: Anupam Rasayan India Limited (“Anupam Rasayan”) (NSE: ANURAS; BSE: 543275), one of India’s leading custom synthesis & speciality chemical players, has renewed long term contract worth revenue of $53 Mn (₹436 crores) with one of the leading German multinational for supply of patented life science speciality chemical for the next 3 years on exclusive basis. This renewal is in accordance with the automatic renewal clause agreed upon by the parties in the long-term agreement signed three years ago, following the completion of the original contract duration of three years.

Speaking about the contract renewal, Anand Desai, Managing Director of Anupam Rasayan, said, “With a consistent supply at a lower cost owing to process optimisation led by strong R&D, this contract renewal reaffirms our position as a preferred supplier to the MNCs, showcasing the trust and reliability that have been established over the years.

Furthermore, we anticipate the volumes of this molecule to increase beyond the minimum offtake volumes, considering the high-growth end market. The renewed contract not only solidifies our position as a reliable supplier but also highlights our agility in meeting the evolving needs of clients. This contract renewal, along with recently signed LOIs assures the consistent and steady growth trajectory of the company.”

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 71 domestic and international customers, including 27 multinational companies. 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 27,000 MT as of 31st December 2022. ARIL offers multistep synthesis and undertakes complex chemical reactions technologies, for a diverse base of Indian and global customers.