Archean Chemical Industries Limited
Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
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Archean Chemical announces a strategic investment in its wholly-owned subsidiary, Acume Chemicals. Following board approval on May 11, 2026, the company plans to inject up to Rs. 170 Cr via a rights issue, subscribing to equity shares at face value. This investment aims to significantly strengthen Acume's capital base, fund...
Archean Chemical's FY26 compliance report highlighted delays in submitting required information to exchanges. This follows a previous fine of Rs. 35,000 for a delay in appointing a Compliance Officer. Management stated commitment to ensuring timely disclosures.
Archean Chemical's SiCSem subsidiary signed a Fiscal Support Agreement with India Semiconductor Mission. This formalizes CapEx support for India's first SiC Compound Semiconductor Fab and ATMP facility in Odisha, involving ~₹2,067 Cr investment. It targets ~60,000 SiC wafers and ~96 million SiC MOSFETs annually, boosting supply for critical sectors.
ACIL's subsidiary SiCSem secured a Fiscal Support Agreement with India Semiconductor Mission for India's first SiC Compound Semiconductor Fab. The 2,067 Cr project at Bhubaneswar receives government CapEx support, targeting ~60,000 SiC wafers annually for EVs, 5G, and other critical sectors.
Archean Chemical confirmed it is not a Large Corporate. CRISIL reaffirmed its 'A' rating, though the outlook shifted from 'Stable' to 'Negative', a key update for credit risk assessment.