Anupam Rasayan Signs LoA Worth Rs 922 Crore With Korean Multinational Firm

Anupam Rasayan India Ltd. signed a 10-year letter of intent worth Rs 922 crore with a Korean multinational firm. However, the name of the Korean firm was not mentioned in the company's exchange filing.

The Korean firm will supply high-performance niche chemicals to the company starting from fiscal 2026, according to an exchange filing on Monday.

This collaboration would help the company in improving its innovative chemical solutions and enhance its foothold in rapidly expanding global markets.

"Securing this long-term LOI with a global industry leader is a testament to our strong R&D capabilities and commitment to innovation," according to Gopal Agrawal, chief executive officer of Anupam Rasayan.

"Expanding into South Korea adds another significant geography to Anupam Rasayan’s global presence, positioning the company for long-term growth in one of the world’s most advanced manufacturing hubs," he said.

In February, the company signed a letter of intent with US-based Elementium Materials Inc. to provide chemicals used in electric vehicle batteries. The supply is expected to commence from the end of fiscal 2026.

The chemical maker's net profit grew to Rs 28.1 crore, a 52.7% rise for the third quarter of the current fiscal 2025 against Rs 18.4 crore for the same period last.

The company's revenue rose by 32% to Rs 39 crore for the quarter under review from Rs 295 crore for the year-ago period. Its earnings before interest, tax, depreciation and amortisation surged to Rs 124 crore for the quarter ended December, a 57% rise against Rs 79 crore for the same quarter in the corresponding year.

Margins expanded to 31.8% for the third quarter from 26.8% for the same period last year.

Shares of Anupam Rasayan closed 0.83% higher at Rs 787.95 apiece on the NSE, compared to a 0.41% fall in the benchmark Nifty 50. The stock has fallen 16.93% in the last 12 months.