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Archean Chemical Industries Limited, through its step-down subsidiary SiCSem Private Limited, has executed a Fiscal Support Agreement (FSA) with the India Semiconductor Mission (ISM) on May 11, 2026.
Archean Chemical's subsidiary SiCSem signed a Fiscal Support Agreement with India Semiconductor Mission on May 11, 2026.
KEY POINTS
- This facility will be India's first approved Silicon Carbide-based compound semiconductor fab and ATMP in Bhubaneswar.
- The project will have a total investment of approximately Rs. 2,067 crore and target ~60,000 SiC wafers annually.
- Archean Chemical's Q4 net profit dropped sharply, from 535M to 134M rupees year-on-year.
COMPANIES
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