Anupam Rasayan signs three Memorandums of Understanding (MoUs) with Government of Gujarat, a collaboration for afforestation

Surat, September 26, 2023: Anupam Rasayan (NSE, BSE: ANURAS), one of India’s leading custom synthesis & speciality chemical player, has signed three Memorandums of Understanding (MoUs) with the Government of Gujarat for afforestation on a total land area of 150 hectares – 50 hectares located in Narmada district, 50 hectares located in Tapi District and 50 hectares located in Surat District. This project will be a part of Green Belt Development Drive by development of various lands earmarked by the Gujarat government for the purpose of plantation and maintenance of different kinds of trees.

Speaking about the MoUs, Anand Desai, Managing Director of Anupam Rasayan, expressed his enthusiasm stating, “We are excited to collaborate with the Forest Departments on this initiative. This will help offset our carbon emissions and further contribute to our goal of achieving energy net zero by 2027. We will be able to plant over 1,66,000 trees on these barren lands.

The partnership will support efforts to identify innovative methods for sustainable land management and afforestation. We look forward to working closely with the Government of Gujarat to rejuvenate these 150 hectares, enhancing its ecological value. We are committed to minimizing our carbon footprint and maximizing the positive impact of our business.”

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 March 2023. ARIL offers multistep synthesis and undertakes complex chemical reactions technologies, for a diverse base of Indian and global customers.