Archean Chemical Industries Ltd Share Price

History of Archean Chemical Industries Ltd

Archean Chemical Industries Limited was originally formed as a Partnership Firm under the name of 'Archean Chemical Industries' at Chennai, pursuant to a Partnership Deed dated November 20, 2003, which was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Chennai. Subsequently, the Partnership Firm converted into Private Limited Company under the Companies Act, 1956 with the name 'Archean Chemical Industries Private Limited' and a Certificate of Incorporation dated July 14, 2009 was issued by the Registrar of Companies, at Chennai. Consequent upon conversion into a Public Limited Company on November 15, 2021, name of the Company was changed to 'Archean Chemical Industries Limited'. Archean Chemical Industries Limited (ACIL) is an India-based specialty chemic ...als manufacturing company that produces and supplies marine chemicals. The Company is engaged in the production and supply of industrial salt, liquid bromine, sulphate of potash (SOP). ACIL serves a range of industries, including agriculture, pharmaceutical, water treatment, aluminium, glass, and textiles. Apart from this, the Company has an integrated production facility for bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat. Its manufacturing facility is located to captive Jakhau Jetty and Mundra Port, where the Company transport products to their customers internationally. The facility and its surrounding salt fields and brine reservoirs span approximately 240 sq.km. In 2011, the Company made strategic investments of approximately Rs. 225.05 million in Sojitz Corporation. In 2013, it commenced the operations of industrial salt to Japan and South Korea. In 2014, it commenced operations on production of bromine in China. In 2015, it commissioned production of sulphate of potash in Belgium. In 2021, the Company's manufacturing facility had an installed capacity of 28,500 MT per annum of bromine, 3,000,000 MT per annum of industrial salt and 130,000 MT per annum of sulphate of potash. Their industrial salt washing facility has three washeries, each having a capacity of 200 tons/hour, which is equipped with its own quality department, effluent treatment plant, sewage treatment plant and stockyard. The Company came out with a Public Issue during November, 2022 by raising Rs. 2420 crores through fresh issue amounting to Rs. 805 crores and Offer for Sale amounting to Rs. 1615 crores. The Company increased bromine's capacity to 42,500 MTPA in January 2023 from 28,500 MTPA earlier. The subsidiary, Acume Chemicals Private Ltd (ACPL) has established a bromine derivatives production facility with a capacity of 28,000 MTPA, with Phase I commissioned in 2024. The Company, through one of its subsidiary company, acquired Oren Hydrocarbons Private Ltd in FY24.