Anupam Rasayan has received and signed contracts amounting to Rs. 540 Crores from two renowned multinational companies dealing in the fields of life sciences chemicals. The tenure of the contract is for five years where life sciences related specialty chemicals will be provided to them by the Company.
The two new contracts are from two different multinational companies: an existing customer and the other is a recently acquired customer. For both the customer, Anupam Rasayan was a part of their product development process from the start and when the multinational firm commercialized the specific products, the Company received the order contract.
Speaking about the order, Anand Desai, Managing Director of Anupam Rasayan, said, “These new orders will bolster our growth prospects and allow us to diversify our product offering. Additionally, we will produce the materials needed for these two contracts in our current multipurpose facilities, which will aid in the ramp-up of newly constructed capacity. The recently completed capex are a significant step forward in our goal to further strengthen our global footprint. This expansion of our long-standing partnership with an established client and a newly acquired client demonstrates our team’s expertise and consistent organizational excellence. This order adds on to the LOI of Rs. 1100 cr. that we received last month.”