Anupam Rasayan on March 10 announced that the firm has signed a 10-year Letter of Intent (LoI) with an unnamed Korean multinational company for a \”high-performance niche chemical\” The deal is valued at $106 million (approximately Rs 922 crore), the specialty chemical-maker said. The shares of the company recorded marginal gains to close in the green at Rs 788.25 apiece on NSE onMarch 10. The stock has strongly recovered after hitting a 52-week low of Rs 601 on February 28 this year. As the announcement about the LoI with the Korean MNC came after the stock market closed on March10, the stock will be kept under active watch when the market reopens on March 11. The specialty chemical covered under this agreement has niche applications in the aviation and electronics sectors. Expanding into South Korea adds another significant geography to Anupam. Rasayan’s global presence, positioning the company for long-term growth in one of the world’s most advanced manufacturing hubs.