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Issue Date:Jul 17 2019 12:00AM     Price in Rs. R 7000    Price in USD. $ 100

Chennai head quartered Archean Chemical Industries owns and operates an integrated marine chemicals complex in Kutch, Gujarat. The plant produces sulphate of potash (SOP), industrial salt and bromine. The integrated complex uses the available brine flowing over marine mineral deposits in the Rann of Kutch. It is one of the leading producers of industrial salt in the country and is the first domestic manufacturer of SOP.


The Company has long-term offtake agreement with Sojitz Corporation of Japan, an equity investor in the project, for the entire production quantity of industrial.


Archean Chemical was registered in 2009. It has 4 directors – Ranjit Pendurthi, Subrahmanyam Meenakshisundaram, Shantanu Nalavadi (nominee director) and Nithin Krishna Kaimal (nominee director).


The company ran into financial problems right from its early days. The initial targeted COD for the project was April 2012, whereas, the company was able to achieve completion only by June 2015. In Jun’18, India Resurgent Fund (IRF), a joint venture between Bain Capital Credit and Piramal Enterprises, announced an investment of about Rs800 crore in Archean Chemical in a structured credit transaction.


For the year ended Mar’17, Archean Chemical reported revenue of Rs 2.9B in FY19 (USD 41m). While it reported an EBITDA margin of 26%, it also reported a net loss of USD11m due to high finance costs.


Find more information in our detailed research report.     

  • Company Background
  • Business Highlights
  • Financial Performance
  • Financial Details


  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios


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