Archean Chemical Industries Ltd

🏭 Archean Chemical Expands Semiconductor Manufacturing with ₹260 Crore Loan

- Loan amount: ₹260 crores

- Purpose: Fund procurement of machinery and equipment for a compound semiconductor manufacturing facility

- Borrower: Neun Infra Private Limited (wholly owned subsidiary)

- Neun Infra is the holding company for SiCSem Private Limited, which has government approval for setting up a semiconductor manufacturing facility in India

- Loan details: Unsecured, 9.00% annual interest, repayable over 5 years starting FY 2031-32

- Total loan amount granted: ₹560 crores

- Current outstanding: ₹217 crores

- Agreement date: March 26, 2026