Surat, March 23, 2023: Anupam Rasayan India Ltd. (NSE, BSE: ANURAS), one of India’s leading custom synthesis & specialty chemical players, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat for setting up new plants with an investment of Rs. 670 crores. These plants will be set up in Jhaghadia and Sachin in Gujarat. The company aims to commission the plants before 2025.
The large part of the plants will focus on manufacturing Fluorochemicals which will service the demands of existing and potential clients catering to Agrochemical, Polymers, and Pharma sectors in Japan, Europe, and America.
Speaking on the occasion, Anand Desai, Managing Director of Anupam Rasayan, said, “We are pleased to announce the MoU we have signed with the Gujarat Government for setting up three new plants in Surat and Bharuch. The investment of Rs. 670 crores is in line with the strategic move to expand our operations and strengthen our manufacturing capabilities.
The new units will bolster our growth prospects and allow us to diversify our product offering. We will introduce niche Fluoro derivatives on an exclusive basis for the relevant customer”