Archean Chemical Industries Ltd

💰 Archean Chemical Loans ₹150 Cr to Subsidiary for Semiconductor Expansion

- Archean Chemical Industries Ltd. has signed a ₹150 Cr loan agreement with its subsidiary, Neun Infra Pvt. Ltd.

- Funds will support SiCSem Pvt. Ltd. in procuring long-lead machinery for semiconductor manufacturing.

- SiCSem has approval under India Semiconductor Mission to set up a compound semiconductor and ATMP facility.

- Loan is unsecured, carries 7.50% annual interest, and is repayable over 5 years starting FY 2029-30.

- Total loans extended by Archean to Neun Infra now stand at ₹300 Cr, with ₹157 Cr outstanding.

- Loan agreement executed on December 20, 2025, with no security provided.

- Funds will also support silicon carbide R&D, including collaboration with IIT Bhubaneswar.