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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

1279.50 -6.45 (-0.50%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
SRF 2709.30
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