Deals12 Jun 2025, 12:05 pm
Anupam Rasayan India Ltd Signs LOI with E-Lyte Innovations and FUCHS LUBRICANTS GERMANY for Long Term Supply of Electrolyte Salt
AI Summary
Anupam Rasayan India Ltd, a leading provider of custom synthesis and specialty chemicals, has signed a Letter of Intent (LOI) with E-Lyte Innovations GmbH and FUCHS LUBRICANTS GERMANY GmbH. This LOI is considered the entry point for Anupam Rasayan's collaboration with leading European companies within the battery value chain to enter the lithium-ion battery chemicals market. The agreement lays the foundation of negotiating a supply contract with an initial term of five years, with commercial deliveries expected to begin as early as FY 2026-2027. The LOI envisions supply of a volume of up to 1,500 TPA of Lithium Hexafluorophosphate (LiPF6), based on market conditions.
Key Highlights
- Anupam Rasayan India Ltd signs LOI with E-Lyte Innovations and FUCHS LUBRICANTS GERMANY for long term supply of Electrolyte Salt.
- This is a significant step forward in Anupam Rasayan's planned journey of diversification and growth into the energy storage segment.
- The LOI is a crucial step towards establishing a long-term relationship and a strategic partnership with E-Lyte and FUCHS LUBRICANTS GERMANY for supply of high-quality cost-effective electrolyte salts.
- Anupam will be one of the first manufacturers of this molecule in India commercially, strengthening its foothold in the rapidly expanding battery ecosystem.
- Entering the battery chemicals market positions Anupam as a preferred partner for global innovators in advanced energy solutions.