Speciality chemical compounds firm Anupam Rasayan has issued a letter of intent to put in solar energy by investing a sum of Rs 43 crore. The complete capital expenditure shall be funded from the corporate’s lately concluded IPO proceeds. The measurement of the plant shall be 12.5 megawatts. Managing Director Anand Desai mentioned the photo voltaic plant will assist the corporate rationalise its power prices by an estimated saving of Rs 10 crore every year for the following 25 years.
“This is a significant step in terms of ensuring undeterred power supply and transitioning towards a cleaner source of energy,” he mentioned. “It is important for industry players like us to be price-sensitive as well as minimise carbon footprints.” The firm makes merchandise for greater than 53 home and worldwide prospects, together with 17 multinationals.
Anupam Rasayan has two verticals: life science associated specialty chemical compounds comprising merchandise associated to agro-chemicals, private care and prescription drugs, and different specialty chemical compounds comprising specialty pigment and dyes in addition to polymer components. It presently operates out of six multi-purpose manufacturing amenities based mostly in Gujarat with an mixture put in capability of 23,438 tonnes.
The firm has shoppers like Syngenta Asia Pacific, Sumitomo Chemical Company and UPL Ltd throughout Europe, Japan, the United States and India. Anupam Rasayan began operations in 1984 with typical merchandise and has now carved a distinct segment for itself into speciality chemical compounds that contain multi-step synthesis and sophisticated chemistries comparable to etherification, acylation, cyclisation, diasotisation and hydrolysis.