Anupam Rasayan India has signed a Letter of Intent (LoI) with Elementium Materials Inc., a U.S.-based Battery Electrolyte Company, for the supply of chemicals in an advanced electrolyte critical for electric vehicle (EV) batteries. Anupam Rasayan will leverage its cutting-edge research and development expertise in Chemical production to create this high-demand, essential product, with supply expected to commence from end of FY26.
Upon successful product development, the companies will negotiate a supply agreement for 5 years with cumulative sales ranging between $350 million to $450 million. Initial quantities can be supplied through existing manufacturing facilities, while to achieve its full potential, the company would be required to set up a new plant.
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India.
| Company Name | CMP |
|---|---|
| SRF | 2597.00 |
| BASF India | 3810.65 |
| Pidilite Inds. | 1636.40 |
| Tata Chemicals | 633.90 |
| Aarti Industries | 505.45 |
| View more.. | |
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