Announcement Overview
On 29 August 2026, Utkram Chemicals Private Limited, led by promoters Mr Kunal Shaw and Mr Kishan Shaw, issued a press release outlining a multi‑phase, large‑scale industrial investment programme across Assam and West Bengal. The programme aims to create an integrated platform encompassing fertilizer manufacturing, petrochemical production, specialty chemicals, and advanced bitumen manufacturing.
Strategic Partnerships and Technology Transfer
The company is in discussions to partner with a leading Russian fertilizer manufacturing and technology enterprise under a Technology Transfer and Technical Cooperation model. The collaboration would cover advanced fertilizer production technology, process engineering, plant configuration, automation, energy optimisation, commissioning support, and transfer of technical know‑how to India.
Feedstock and Supply Arrangements
Utkram Chemicals is negotiating naphtha supply from Indian Oil Corporation Limited (IOCL) and is also exploring diversified feedstock channels with Malaysian refineries. These arrangements are intended to secure both domestic and international feedstock sources for its planned chemical and petrochemical complexes.
Chemical Platform Scope
The proposed chemical platform is being evaluated for the production of industrial solvents, solvent‑grade hydrocarbon fractions, hexane, heptane‑range products, specialty hydrocarbon intermediates and other value‑added derivatives using separation, fractionation, distillation and purification technologies.
Methanol‑to‑Olefins (MTO) Evaluation
Utkram is separately assessing Methanol‑to‑Olefins (MTO) technology to potentially produce ethylene and propylene, which would support downstream manufacturing of polyethylene (PE), polypropylene (PP), ethylene oxide and ethylene glycol.
Manufacturing Infrastructure
The envisaged facilities will incorporate sophisticated Distributed Control Systems (DCS), advanced process instrumentation, feedstock purification, catalytic processing, heat integration, emissions‑control technology and modern effluent‑management systems.
Bitumen Manufacturing Programme
A dedicated bitumen and advanced road‑materials segment is under development with a targeted annual capacity of approximately 60,000 tonnes. The product portfolio includes paving‑grade bitumen, polymer‑modified bitumen (PMB), crumb‑rubber‑modified bitumen (CRMB), bitumen emulsion and other performance‑engineered road binders for highways, expressways, bridges, airports and strategic infrastructure.
Additional Strategic Cooperation
Utkram Chemicals is also exploring strategic cooperation with Malaysian refinery interests and Bharat Petroleum Corporation Limited (BPCL), including potential joint‑venture, feedstock, technology and manufacturing arrangements. The company has engaged with India’s highway and strategic infrastructure ecosystem—namely the National Highways Authority of India (NHAI), Ministry of Road Transport & Highways (MoRTH), National Highways and Infrastructure Development Corporation Limited (NHIDCL) and the Border Roads Organisation (BRO)—to align its road‑material manufacturing strategy with national infrastructure projects.
Objectives and Expected Impact
According to the promoters, the expansion is intended to build an integrated fertilizer‑petrochemical‑specialty chemical‑bitumen enterprise of significant industrial scale, while supporting the Make in India agenda, import substitution, technology localisation, employment generation and regional industrial development.
Conditionality and Approvals
All proposed projects and collaborations remain subject to detailed feasibility assessments, execution of definitive agreements, securing financing, obtaining statutory clearances and receiving all required regulatory approvals.
Disclaimer
The press release is provided under an arrangement with NRDPL; PTI assumes no editorial responsibility for its content.