Anupam Rasayan India has signed a non-binding Letter of Intent (LoI) with Basquevolt, S.A., a European developer of solid-state lithium batteries, headquartered in Minano (Araba/Alava), Spain.
Under the LOI, the parties intend to explore the potential supply of a specialty chemical product over a period of up to 10 years for cumulative revenue of $300 million. The LoI is non-binding and preliminary. Any supply would be subject to the successful completion of product development and to the negotiation and signing of a definitive supply agreement.
Anupam Rasayan India is one of the leading companies engaged in the custom synthesis (CSM) and manufacturing of specialty chemicals in India.
