Anupam Rasayan India gains on deal with US firm for EV battery chemicals

Anupam Rasayan India

28/02/2025 08:18

** Shares of Anupam Rasayan India ANUY.NS rise as much as 2.5% to 643.8 rupees, now up 1.4%

** The specialty chemicals maker said on Friday it signed a contract with U.S.-based Elementium Materials for development and supply of advanced solvent for EV battery chemicals

** Co expects cumulative sales ranging between $350 mln to $450 mln

** Supply expected to commence from end of FY26; agreement to be negotiated for 5 years

** 8 analysts covering the stock on avg have a "buy" rating; median PT is 685 rupees - data compiled by LSEG

** Stock snaps four-day losing streak

 (Reporting by Ashna Teresa Britto in Bengaluru)

 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))