Anupam Rasayan to invest Rs. 670 crore in Gujarat to set up 3 new plants
March 22, 2023
Gandhinagar: Anupam Rasayan has signed a memorandum of understanding (MoU) with the Gujarat government to invest Rs. 670 crore in setting up three new plants in Surat and Bharuch in Gujarat.
The company plans to begin operations in these plants by 2025 and expand its product offerings. The plants will manufacture Agrochemicals, Polymers, and Pharma Intermediates.
In an interview with CNBC-TV18, Anupam Rasayan’s Deputy Chief Financial Officer, Vishal Thakkar, explained that the company is investing in brownfield expansions, and it expects to see an improvement in margins over the current levels, with an asset turnover of 1.75 times from the new capex. The company has seen historical growth of over 25%, and with additional capacity by FY25, revenues are expected to be around Rs. 3,000 crore. DeshGujarat
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