Anupam Rasayan’s Share Price Rises by 6% on Deal with Japanese Specialty Chemicals Company
Anupam Rasayan, a leading specialty chemicals company, saw a 6% surge in its share price following a deal with a Japanese specialty chemicals company. The deal, worth $265 million (INR 2,186 crore), involves Anupam Rasayan supplying patented life science active ingredients to the Japanese company for a period of five years. As per the agreement, Anupam Rasayan will manufacture the product at its plant and supply it from 2025 onwards. The product is currently in the validation phase and will be available by December 2022. Anupam Rasayan has six plants in Gujarat with a total capacity of 27,200 tons, four of which are located in Surat.
Details of the Deal with the Japanese Company
Anupam Rasayan India filed an exchange filing on June 13, 2021, regarding the deal with the Japanese company. However, the name of the Japanese company has not been disclosed due to a non-disclosure agreement. Under the deal, Anupam Rasayan will supply patented life science active ingredients to the Japanese company for five years. The product is currently in the validation phase, and the supply will begin from 2025. The deal is valued at $265 million (INR 2,186 crore).
Anupam Rasayan’s Recent Deal with a German MNC
Last month, Anupam Rasayan renewed a long-term contract with a German MNC worth $53 million (INR 436 crore) for three years. The deal is for the supply of patented life science specialty chemicals. Anand Desai, MD of Anupam Rasayan, stated that the company’s strong position and continuous supply of products at a lower cost has made it popular among MNCs. Anupam Rasayan’s strong R&D capabilities have enabled it to reduce costs.
Conclusion
Anupam Rasayan’s share price has seen a significant increase due to its recent deals with international companies. The company’s strong position and continuous supply of quality products at a lower cost have made it popular among MNCs. With its strong R&D capabilities, the company is well-equipped to reduce costs and supply high-quality products.
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