Acutaas Chemicals Ltd approved a ₹212 crore capital expenditure plan on August 22, 2026. The investment will establish manufacturing facilities for electronic grade chemicals in Gujarat.
The proposed greenfield or brownfield plant targets a production capacity of 81,000 metric tonnes per annum. Management expects to complete the expansion by the end of the 2027-28 financial year. The company will fund the project through a combination of internal accruals and bank finance.
The Ministry of Electronics and Information Technology approved a ₹119.12 crore incentive package for the project. This subsidy falls under the Electronics Components Manufacturing Scheme and covers 25% of eligible investments. The incentive specifically supports the company's electrolyte additives manufacturing business in Jhagadia, Gujarat.