Anupam Rasayan Signs Non-Binding Letter of Intent with BASQUEVOLT for Specialty Chemical Supply Worth $300 Million

Anupam Rasayan Signs Non-Binding Letter of Intent with BASQUEVOLT for Specialty Chemical Supply Worth $300 Million​

Surat, July 15, 2026: Anupam Rasayan India Ltd., a leading provider of custom synthesis and specialty chemicals, announced on this date that it has executed a non-binding Letter of Intent (LOI) with BASQUEVOLT, S.A. The European developer of solid-state lithium batteries is based in Miñano (Araba/Álava), Spain.

The LOI details the potential supply of a specialty chemical product over up to 10 years between the two parties. The engagement has been set for a cumulative revenue of $300 Million. Crucially, the Letter of Intent is preliminary and non-binding, meaning any future supply would be contingent upon the successful completion of product development and subsequent negotiation and signing of a definitive supply agreement.

Anand Desai, Managing Director of Anupam Rasayan, commented on the significance of the LOI, stating that it reinforces the company’s strategic commitment to expanding within the electronic chemical domain. He noted that continued investment in R&D and process capabilities positions the company well to capture emerging opportunities in the high-growth sector. The development is viewed as a key step toward deepening Anupam Rasayan's footprint in high-growth electronic chemicals, catering to advanced manufacturing industries.

Company Profiles​

Anupam Rasayan India Ltd.
Founded in 1984, Anupam Rasayan is a major specialty chemicals entity specializing in custom synthesis (CSM). The company operates two primary verticals: Life science related Specialty Chemicals, which cover Agrochemicals, Personal Care, and Pharmaceuticals; and Performance Materials, covering Electronics & EV Chemicals and Polymers.

Anupam caters to both domestic and global clientele, currently supplying products to over 75 customers, including 31 multinational corporations. The company manages its operations through six manufacturing facilities across Gujarat, India. As of March 31, 2026, the aggregated installed capacity stands at approximately 30,000 Metric Tonnes (MT).

BASQUEVOLT, S.A.
Basquevolt is a European technology company focused on developing next-generation solid-state lithium metal battery solutions. Its applications span electric vehicles, heavy transport, renewable energy storage, and aviation. The company leverages proprietary polymer electrolyte technology to create batteries that are designed to be safer, more cost efficient, and higher in energy density compared to conventional lithium-ion systems.

The partnership represents a strategic move by Anupam Rasayan into the specialized domain of advanced electronic chemicals, supporting Basquevolt's efforts to scale its proprietary electrolytes for both direct cell integration and third-party cell producers.

ANURAS Stock Price Movement​

Shares of Anupam Rasayan India Limited are edging higher to ₹1275 as of 10:46 AM today, gaining 0.89% in live trading. The equity has seen a total traded volume of 92,395 shares during the session so far.