Latest news with #E-Lyte
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Business Standard
2 days ago
- Automotive
- Business Standard
Here's why Anupam Rasayan shares hit 52-week high today; details inside
Anupam Rasayan share price: Chemical manufacturing company Anupam Rasayan share price was in demand on Thursday, June 12, 2025, with the stock rallying up to 4.36 per cent to hit a fresh 52-week high of ₹1,151 per share. However, by 12:50 PM, shares of Anupam Rasayan were off highs, and were trading merely 0.20 per cent higher at ₹1,105.10 per share. Follow Latest Stock Market Updates Today LIVE What triggered the rally in Anupam Rasayan shares today? Anupam Rasayan shares surged today following a series of strategic developments that boosted investor sentiment. The company signed a Letter of Intent (LOI) with two major European players—E-Lyte Innovations GmbH, a developer of electrolyte solutions, and FUCHS LUBRICANTS GERMANY GmbH, a subsidiary of FUCHS SE known for advanced lubricant technologies. This marks Anupam Rasayan's entry into the fast-growing lithium-ion battery chemicals market. Anand Desai, managing director of Anupam Rasayan, said, 'This partnership with E-Lyte and FUCHS LUBRICANTS GERMANY is a significant step forward in our planned journey of diversification and growth into the energy storage segment. This LOI is a crucial step towards establishing a long-term relationship and a strategic partnership with E-Lyte and FUCHS LUBRICANTS GERMANY for supply of high-quality cost-effective electrolyte salts. Under the LOI, Anupam Rasayan will supply up to 1,500 tonnes per annum (TPA) of Lithium Hexafluorophosphate (LiPF6), a critical component in battery manufacturing, with commercial deliveries expected as early as FY26–27. The LOI sets the groundwork for negotiating a five-year supply contract. E-Lyte is a leading innovator in the battery sector, specialising in advanced liquid electrolytes for next-generation energy storage systems, particularly in e-mobility applications. Since 2022, FUCHS LUBRICANTS GERMANY GmbH has supported E-Lyte as a minority shareholder and strategic partner, helping drive its expansion to meet rising global demand. ALSO READ | Desai added, 'Our process optimisation capabilities have played a pivotal role in ensuring the product's validation, offering significant advantages over its global commercial scenario. Additionally, our backward integration in fluorine chemistry through our subsidiary, Tanfac Industries Ltd, provides raw material supply chain security— a critical factor that contributed to signing this LOI. Anupam will be one of the first manufacturers of this molecule in India commercially, strengthening our foothold in the rapidly expanding battery ecosystem. Entering the battery chemicals market positions Anupam as a preferred partner for global innovators in advanced energy solutions. This is one of the many products Anupam is working on in the battery space that has been successfully agreed for supply to a customer, with several others in the pipeline.' In a separate development the company announced a long-term Master Purchase Agreement (MPA) with a Japan-based multinational conglomerate—a global leader in fluorochemicals and advanced technologies. This agreement solidifies Anupam's role as a key supplier in high-growth specialty chemical segments and expands its footprint in the Japanese market. About Anupam Rasayan Anupam Rasayan India Ltd. is among the leading Indian specialty chemicals companies, established in 1984, with a strong focus on custom synthesis and manufacturing. The company operates across two main verticals, Life Science Specialty Chemicals—including products for agrochemicals, personal care, and pharmaceuticals—and Other Specialty Chemicals, which cover pigments, dyes, and polymer additives. Serving over 71 domestic and international clients, including 31 multinational corporations, Anupam Rasayan has built a diversified customer base. It operates six manufacturing facilities in Gujarat—four in Sachin, Surat and two in Jhagadia, Bharuch—with a combined installed capacity of approximately 30,000 MT as of March 31, 2025. Known for its expertise in multistep synthesis and complex chemical processes, the company plays a key role in supplying high-value specialty chemicals to both Indian and global markets.
Business Standard
2 days ago
- Automotive
- Business Standard
Anupam Rasayan signs LoI with E-Lyte and Fuchs Lubricants Germany
For long term supply of high-quality cost-effective electrolyte salts Anupam Rasayan India has signed a Letter of Intent (LOI) with E-Lyte Innovations GmbH (E-Lyte) a European developer and supplier of electrolyte solutions for energy storage and FUCHS LUBRICANTS GERMANY GmbH. a subsidiary of FUCHS SE working on innovative lubricant solutions. This LOI is considered the entry point for Anupam Rasayan's collaboration with leading European companies within the battery value chain to take the next step in entering the fast-growing lithium-ion battery chemicals market. This agreement now lays the foundation of negotiating a supply contract with an initial term of five years. Commercial deliveries could begin as early as FY 2026-2027. The LOI envisions supply of a volume of up to 1,500 TPA of Lithium Hexafluorophosphate (LiPF6), based on market conditions. The LOI is subject to standard terms as regards generally accepted rights for an agreement of this nature. E-Lyte is at the forefront of innovation in the battery sector, developing and producing breakthrough liquid electrolytes for innovative energy storage systems used in various applications, with a focus on e-mobility. Since 2022, FUCHS LUBRICANTS GERMANY GmbH has been supporting E-Lyte in its role as minority shareholder and strategic partner in expansion to meet the steadily growing demand.
Business Upturn
2 days ago
- Automotive
- Business Upturn
Anupam Rasayan signs LOI with E-Lyte and FUCHS Lubricants Germany for long-term electrolyte salt supply
By Aditya Bhagchandani Published on June 12, 2025, 11:51 IST Anupam Rasayan India Ltd. has entered a new strategic domain with the signing of a Letter of Intent (LOI) with Germany-based E-Lyte Innovations GmbH and FUCHS Lubricants Germany GmbH. This collaboration marks the company's expansion into the lithium-ion battery chemicals market, where it plans to supply up to 1,500 TPA of Lithium Hexafluorophosphate (LiPF6) over a five-year period starting as early as FY26-27. E-Lyte, known for its cutting-edge work in electrolyte solutions for energy storage, and FUCHS Lubricants, a global leader in lubricants and a shareholder in E-Lyte, have selected Anupam Rasayan for its process optimization capabilities and supply chain reliability. The deal leverages Anupam's backward integration in fluorine chemistry via Tanfac Industries and positions it among the first commercial manufacturers of this electrolyte salt in India. Managing Director Anand Desai stated that this partnership is a strategic milestone in Anupam's journey to serve the growing energy storage and battery sector. The company views this as a gateway to multiple new opportunities in the electric mobility and next-gen battery ecosystem. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
