Anupam Rasayan Share Price in Focus; Signs $300 Million LoI With BASQUEVOLT, S.A.

Anupam Rasayan India Limited has signed a non-binding Letter of Intent (LoI) with BASQUEVOLT, S.A., a European developer of solid-state lithium batteries, to explore the long-term supply of a specialty chemical product, as per the exchange filings. 

The proposed engagement has a potential cumulative value of $300 million over a period of up to 10 years, subject to successful product development and execution of a definitive supply agreement.  

Signs $300 Million Letter of Intent 

The company has entered a non-binding LoI with Spain-based BASQUEVOLT to explore the supply of a speciality chemical product. 

The proposed arrangement envisages cumulative revenue of $300 million over a period of up to 10 years, although the agreement remains preliminary and non-binding.  

Supply Subject to Final Agreement 

Anupam Rasayan clarified that the LoI does not constitute a binding commercial contract. 

Any future supply will depend on the successful completion of product development, followed by negotiations and the execution of a definitive supply agreement between the two companies.  

Strengthens Electronic Chemicals Focus 

The company said the proposed collaboration aligns with its strategy to expand its presence in the electronic chemicals segment, which it views as a key long-term growth driver. 

Management added that continued investments in research and development, process capabilities and customer-centric innovation position the company to capitalise on opportunities in advanced manufacturing and technology-driven industries.  

About BASQUEVOLT 

BASQUEVOLT is a Spain-based technology company developing solid-state lithium metal batteries for applications including electric vehicles, heavy transport, renewable energy storage and aviation. 

Read More: IT Stocks Decline by Nearly 2% on July 15, 2026, After IBM's Biggest Single-Day Fall in Decades! 

Anupam Rasayan Share Price Performance 

As of 15 July 2026, at 11:53 AM, Anupam Rasayan share price was trading at ₹1,273.20 per share, reflecting a surge of 0.74% from the previous trading session. 

Conclusion 

The proposed collaboration with BASQUEVOLT marks another step in Anupam Rasayan's expansion into high-growth electronic chemicals. While the LoI is non-binding, the potential $300 million opportunity highlights the company's focus on supplying specialty chemicals for next-generation battery technologies.  

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