This chemicals company signs a MoU with 3xper Innoventure Ltd, a technological collaboration for new age pharma molecules!
The company has delivered returns of 63 per cent over the past year and returns of 102 per cent from the date of its listing in March 2021.
Anupam Rasayan India Ltd (ARIL) is a leading Indian company specializing in custom synthesis (CSM) and the manufacturing of specialty chemicals. Established in 1984, the company operates in two main sectors: Life science-related specialty chemicals, which include products for agrochemicals, personal care, and pharmaceuticals, and other specialty chemicals like specialty pigments, dyes, and polymer additives. ARIL serves a wide range of customers from India and around the world, with over 71 domestic and international clients, including 27 multinational companies.
The company operates six manufacturing facilities in Gujarat, India, with four located in Sachin, Surat, and two in Jhaghadia, Bharuch, boasting a combined installed capacity of approximately 27,000 MT as of March 31, 2023. ARIL specializes in multistep synthesis and complex chemical reaction technologies, catering to a diverse customer base in India and globally.
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Anupam Rasayan, a prominent manufacturer of custom synthesis and specialty chemicals in India has entered into a Memorandum of Understanding (MoU) with 3xper Innoventure Limited. 3xper Innoventure Limited is a subsidiary of Tube Investments of India Limited, a renowned business conglomerate in India. The collaboration aims to supply specific and designated new-age pharmaceutical molecules. These identified products for Active Pharmaceutical Ingredients (API) will be developed utilizing the CRAMS and CDMO models.
The company has delivered returns of 63 per cent over the past year and returns of 102 per cent from the date of its listing in March 2021. Additionally, the company has a ROCE of 10.6 per cent and a ROE of 8.25 per cent.
On Monday, shares of the company plunged by 2.49 per cent to trade at Rs 1004.10.
Investors should keep a close eye on this buzzing stock.