Anupam Rasayan jumps on inking LoI worth Rs 1500 crore
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Anupam Rasayan India is currently trading at Rs. 970.45, up by 20.45 points or 2.15% from its previous closing of Rs. 950.00 on the BSE.
The scrip opened at Rs. 941.05 and has touched a high and low of Rs. 986.25 and Rs. 941.05 respectively. So far 28256 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 986.25 on 13-Apr-2023 and a 52 week low of Rs. 547.10 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 986.25 and Rs. 909.20 respectively. The current market cap of the company is Rs. 10421.92 crore.
The promoters holding in the company stood at 60.96%, while Institutions and Non-Institutions held 14.37% and 24.67% respectively.
Anupam Rasayan has signed Letter of Intent (LoI) worth revenue of $182 million (Rs 1500 crore) for next 7 years with one of the leading Japanese multinational to manufacture and supply three high value speciality chemicals. This product will be manufactured in its existing manufacturing facilities. This LoI demonstrates the increasing confidence of global MNCs in its technical capabilities and sustainable supply chain and further reaffirms its focus on Make in India.
Earlier, the company had signed Letter of Intent worth revenue of Rs 984 crore for next 6 years with one of the leading Japanese Chemical company to supply new age advance intermediate for life science active ingredient.
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India.
