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This Article is From Nov 10, 2022

Archean Chemical Industries IPO - Largest Exporter Of Bromine, Industrial Salt: ICICI Direct

Archean Chemical Industries IPO - Largest Exporter Of Bromine, Industrial Salt: ICICI Direct
Chemical solutions sits inside a R&D facility. (Source: freepik)

BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

ICICI Direct's IPO Report

Archean Chemical Industries Ltd. is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt and sulphate of potash to customers around the world.

It is the largest exporter of bromine, industrial salt by volume in India and among the lowest cost producers globally in both bromine, industrial salt.

Archean Chemical produces products from its brine reserves in Rann of Kutch and manufacturers products at its facility near Hajipur in Gujarat.

Bromine is used as a key initial level material, which has applications in the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil and gas, and energy storage batteries.

Industrial salt is the principal material in chlorine and caustic soda production (together, known as chloralkali) and is widely used in the chemical and food and beverage industries.

Click on the attachment to read the full IPO report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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