The company would be using one-third of the total capacity of bromine for captive consumption to produce bromine derivatives, which not only fetch better prices but are also not hazardous to transport.
Synopsis
Archean is a marine-based speciality chemical maker that produces natural bromine from its brine reservoir at Rann of Kutch in Gujarat. It has an installed bromine capacity of 28,500 metric tonnes (MT).
ET Intelligence Group: The stock of Archean Chemical Industries has gained around 31% in a month driven by a sharp recovery in international bromine prices. Archean derives nearly half of the export revenue from bromine sales. In addition, the company’s strategy to build product inventory during the recent drop in prices may result in higher realisation and superior margins.Archean is a marine-based speciality chemical maker that produces
AbcSmall
AbcMedium
AbcLarge
SAVEPRINTCOMMENT
Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories& personalised newsletters
Login Now
Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &in-depth stock reports
Subscribe Now
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Sign In to Read for Free
Read this story for free.
Unlock your 30 days free access to ETPrime now.
Login to unlock
*No card details required.
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience withMinimal Ads
Comment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise
Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-