Archean Chemical Subsidiary Executes ₹2,067 Cr Semiconductor FSA

Archean Chemical's subsidiary SiCSem executed a Fiscal Support Agreement with India Semiconductor Mission for capital expenditure support.
The agreement formalizes fiscal incentives for India's first Silicon Carbide semiconductor fab and ATMP facility in Bhubaneswar.
The project involves ₹2,067 crore investment for 60,000 SiC wafers and 96 million MOSFETs/diodes annual capacity.
This follows ISM approval received in August 2025 and intercorporate funding for machinery procurement.