Archean Chemical Industries, along with its wholly owned subsidiary - Neun Infra, and its step-down subsidiary - SiCSem, has executed the Fiscal Support Agreement (FSA) with the India Semiconductor Mission (ISM), on May 11, 2026, pursuant to the Semicon India Programme of the Government of India. The signing of the FSA plays an important role in the implementation of the eligible fiscal support as notified under the scheme guidelines of the Semicon India Programme of the Government of India. The FSA formalises the fiscal incentive framework under which the Government of India has committed capital expenditure (CapEx) support to SiCSem for the establishment of India's first approved Silicon Carbide (SiC) based Compound Semiconductor Fab and ATMP facility.
The compound semiconductor manufacturing facility is proposed to be established at Info Valley, Bhubaneswar, Odisha. The project envisages an investment of around Rs 2,067 crore and will integrate end-to-end Wafer Fabrication and Packaging capabilities, targeting an annual capacity of around 60,000 SiC wafers and around 96 million SiC MOSFETs and diodes. The facility will cater to critical sectors including Electric Vehicles (EVs), Renewable Energy, Smart Grids, 5G, Industrial Automation, Data Centres etc.
Archean Chemical Industries is the leading speciality marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
| Company Name | CMP |
|---|---|
| SRF | 2693.50 |
| BASF India | 3274.75 |
| Tata Chemicals | 735.65 |
| Pidilite Inds. | 1503.00 |
| Deepak Nitrite | 1642.65 |
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