Rs 1,500 crore letter of intent signed by this speciality chemical company

Rs 1,500 crore letter of intent signed by this speciality chemical company

by 5paisa Research Team Last Updated: Apr 13, 2023 - 12:57 pm 585 Views
Listen icon

This speciality chemical share surged over 2.36% today.

About the letter of intent 

Anupam Rasayan one of the top companies in India for custom synthesis and speciality chemicals has signed a letter of intent worth USD 182 million (roughly Rs 1,500 crore) for the next seven years with a major Japanese multinational to produce and supply three highly valuable speciality chemicals. In current manufacturing facilities, this product will be produced.

Price Action Of Anupam Rasayan India Ltd 

Anupam Rasayan India Ltd is currently trading at Rs 969.40, up by 22.40 points or 2.36% from its previous closing of Rs 950 on the BSE.

The scrip opened at Rs 246 and has touched a high and low of Rs 986.25 and Rs 941.05 respectively. So far 20,305 shares were traded on the counter.

The BSE group 'A' stock of face value of Rs 10 has touched a 52-week high of Rs 986.25 and a 52-week low of Rs 547.10. The current market cap of the company is Rs 10,434.28 crore. 

The promoters holding in the company stood at 60.96%, while Foreign Institutions and Domestic Institutions held 8.19% and 6.18% respectively.

Company profile 

Anupam Rasayan India Ltd (ARIL) is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of speciality 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, and 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. It 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.

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Flair Writing Products IPO Lists at 64.8% premium, ends at lower circuit

Strong listing for Flair Writing Products IPO, then hits lower circuit

Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.