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Anupam Rasayan signs LoI with USA based Elementium Materials

28 Feb 2025 Evaluate

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.


Anupam Rasayan India Share Price

1267.55 1.90 (0.15%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
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