Anupam Rasayan enters battery chemicals market with key partnerships

Anupam Rasayan India (BSE: ANURAS) is strategically expanding into the energy storage sector, announcing a Letter of Intent (LOI) with E-Lyte Innovations GmbH and FUCHS LUBRICANTS GERMANY GmbH. The LOI establishes a partnership for the long-term supply of electrolyte salt, specifically Lithium Hexafluorophosphate (LiPF6), positioning Anupam Rasayan within the lithium-ion battery chemicals market. Commercial deliveries could 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. The long-term supply agreement underscores confidence in Anupam's expertise. The move to manufacture electrolyte salt would allow Anupam Rasayan to be one of the first commercial manufacturers of this molecule in India, which would strengthen its footprint in India's growing battery ecosystem.