INSUBCONTINENT EXCLUSIVE:
The size of the solar power plant will be 12.5 megawatts.Speciality chemicals company Anupam Rasayan has issued a letter of intent to
install solar power by investing a sum of Rs 43 crore
The entire capital expenditure will be funded from the company's recently concluded IPO proceeds
The size of the plant will be 12.5 megawatts
Managing Director Anand Desai said the solar plant will help the company rationalise its energy costs through an estimated saving of Rs 10
crore per annum for the next 25 years."This is a significant step in terms of ensuring undeterred power supply and transitioning towards a
cleaner source of energy," he said
"It is important for industry players like us to be price-sensitive as well as minimise carbon footprints." The company makes products for
more than 53 domestic and international customers, including 17 multinationals.Anupam Rasayan has two verticals: life science related
specialty chemicals comprising products related to agro-chemicals, personal care and pharmaceuticals, and other specialty chemicals
comprising specialty pigment and dyes besides polymer additives
It currently operates out of six multi-purpose manufacturing facilities based in Gujarat with an aggregate installed capacity of 23,438
tonnes.The company has clients like Syngenta Asia Pacific, Sumitomo Chemical Company and UPL Ltd across Europe, Japan, the United States and
Anupam Rasayan started operations in 1984 with conventional products and has now carved a niche for itself into speciality chemicals that
involve multi-step synthesis and complex chemistries such as etherification, acylation, cyclisation, diasotisation and hydrolysis.
