Anupam Rasayan hits 52-week high on Rs 380-crore order win

Anupam Rasayan India share price touched a 52-week high of Rs 1,123.45. Earlier this month, the chemical maker signed a $182 million agreement with a leading Japanese firm

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Anupam Rasayan India share price touched a 52-week high of Rs 1,123.45, adding 4 percent intraday on April 25 after the speciality chemicals company got a Rs 380 crore order from an American multinational firm.

Anupam Rasayan has signed a letter of intent worth revenue of $46 million (Rs 380 crore) with a leading American multinational company to supply new-age specialty chemical advance intermediate for the next five years, the firm said in a release.

The product would be manufactured at the company’s upcoming multipurpose manufacturing facilities, it said.

“We are delighted to announce that we have established a new relationship with an American MNC customer by signing a long-term LoI to supply a niche fluorinated molecule on exclusive basis,” managing director Anand Desai said.

“This molecule is an advanced intermediate to be used as a key building block for manufacturing high-end engineering fluids and also an active pharmaceutical ingredient, this product development further demonstrates our prowess in developing and manufacturing complex fluorinated products,” he added.

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Earlier this month, the company signed an LoI worth $182 million (Rs 1,500 crore) with a leading Japanese firm to manufacture and supply three high -value speciality chemicals over the next seven years.

At 10.32?am, the stock was trading at Rs 1,124.50, up 4.5 percent on the National Stock Exchange.

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