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February 28,2025

Anupam Rasayan Signs LOI With Elementium Materials to supply EV battery chemicals

Anupam Rasayan India Ltd signed a letter of intent with US-based Elementium Materials Inc. to supply chemicals for EV batteries, with deliveries starting by FY26-end. They plan a five-year supply deal worth $350-$450 million after successful product development. Shares hit a 52-week low of ₹601 but recovered post-announcement, closing at ₹621.

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