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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
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