Latest news with #ACIL
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Archean Chemical surges 12%, stock hits highest level in CY25; here's why
Archean Chemical Industries share price today Shares of Archean Chemical Industries (ACIL) surged 12 per cent to ₹727.80 on the BSE in Wednesday's intra-day trade amid heavy volumes after the government approved the proposal of SiCSem Private Limited, a subsidiary of the company, under India Semiconductor Mission (ISM) to setup a Silicon Carbide (SiC) based Compound Semiconductor fab. The stock price of the smallcap specialty chemicals company traded at its highest level in the calendar year 2025. It had hit a 52-week high of ₹831 on August 22, 2024. At 10:38 AM; ACIL was quoting 9 per cent higher at ₹713 on the BSE. In comparison, the BSE Sensex was up 0.27 per cent at 80,453. The average trading volumes at the counter jumped multi-fold; with a combined 1.81 million shares changing hands on the NSE and BSE. Cabinet approves 4 semiconductor manufacturing units with an outlay of ₹ 4,600 crore The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved four more semiconductor projects under India Semiconductor Mission (ISM) at an investment of ~₹4600 crore, taking total approved projects to 10 with cumulative investments of about ₹1.60 trillion crore across six states. The newly approved projects include SiCSem (Odisha) - in collaboration with Clas-SiC Wafer Fab (UK), will set up India's first commercial Silicon Carbide (SiC) compound semiconductor fab with annual capacity of 60,000 wafers and 96 million packaged units. The proposed products will have applications in Missiles, Defence equipment, Electric Vehicles (EVs), Railway, Fast Chargers, Data Centre racks, Consumer Appliances, and Solar Power Inverters. Given the growing demand of semiconductors in telecom, automotive, datacentres, consumer electronics and industrial electronics, these four new approved semiconductors projects would significantly contribute to making Atmanirbhar Bharat. Market overview – ACIL The management in Q1FY26 earnings conference call said they are witnessing mixed trends across the chemical industry with early signs of recovery in select segments. Inquiry levels are steadily improving, indicating a more favourable business environment in the coming quarters and years ahead. However, the recent tariff uncertainties have obviously held many global MNCs from making decisions while re-evaluating sourcing and investment strategies. The Indian specialty chemicals industry, nevertheless, is poised for significant long-term growth supported by rising domestic consumption, supply chain diversification and government led incentives, etc. Recently, NITI Aayog has released a report in July 2025 outlining a roadmap for India to become a global chemical powerhouse with potential to reach $1 trillion by 2040, ACIL said. The management said they are confident and seeing consistent demand and expect gradual improvement in volumes over the coming quarters. Company Overview Archean Chemical Industries Limited (ACIL) is a specialty chemicals manufacturing company that produces and supplies marine chemicals. The company is engaged in the production and supply of industrial salt, liquid bromine, sulphate of potash (SOP). ACIL serves a range of industries, including agriculture, pharmaceutical, water treatment, aluminium, glass, and textiles.
Time of India
17-05-2025
- Business
- Time of India
Descendant of tea pioneer crowned new Singpho chief
Dibrugarh: In a historic ceremony steeped in tradition, was coronated as the 8th chief (raja) of the on Saturday at Bisa village in Assam's Tinsukia district. The event marked the continuation of a legacy that dates back two centuries, when his ancestor Bisa Gam Singpho first introduced tea to the British, altering the course of Assam's and India's economic history. Tired of too many ads? go ad free now The coronation ceremony, held with traditional Buddhist rituals, saw the presence of dignitaries, including Margherita MLA Bhaskar Sharma, Margherita Assistant Commissioner Pratim Gogoi. Buddhist monks (Vantes) conducted the religious rites, invoking blessings for the new chief and the community. The new chief will oversee Singpho affairs across three regions — Assam and Arunachal Pradesh in India, and neighbouring Kachin State in Myanmar — highlighting the cross-border nature of the community's cultural connections that predate modern national boundaries. The Singpho community's connection with tea is legendary. In 1823, Bisa Gam Singpho, an ancestor of the newly coronated chief, showed wild tea bushes to Scottish explorer Robert Bruce in the Upper Brahmaputra Valley. This discovery led to the commercial cultivation of tea in Assam, with the first 12 chests of reaching London auctions shortly after. This pivotal moment laid the foundation for the Assam Company India Limited (ACIL), the first tea plantation company in India and the world. The new chief, Bisa Mungdang Gam Singpho, is the eldest son of the late Bisa Nong Singpho, who passed away on January 15, 2025, at the age of 76. The former chief was widely respected for his efforts in uniting communities and preserving Singpho culture. His last rites were performed with state honours, reflecting his significant contributions. Speaking after his coronation, the new chief expressed his commitment to upholding his father's legacy. Tired of too many ads? go ad free now "It is an honour and a great responsibility to lead our community. My father worked tirelessly to preserve our culture and strengthen bonds between communities. I will continue his mission while also addressing the challenges our people face today," he said. Margherita MLA Bhaskar Sharma praised the Singpho community's historical and cultural significance. "The Singpho people have made immeasurable contributions to our region. Their ancestor's introduction of tea to the British transformed Assam's economy and put India on the global tea map. Today's ceremony is a reminder of that legacy. The coronation of the new chief is a moment of pride for the people of Assam," he remarked.
