| Specialities | Speciality Paste PVC resin production, custom manufacturing of intermediates for pharma and agrochemicals, refrigerant gas production. | Backward integration, complex chemistry capabilities, global customer relationships, environmental compliance leadership. | B2B focus; pharmaceutical, agrochemical innovators, industrial manufacturers. | Custom Manufactured Chemicals business with proprietary chemistries and strong IP protection. | 2388 | 55 | Sales of chemicals, custom manufacturing contracts, long-term supply agreements. | Primarily direct sales with volume contracts; some customized project-based pricing. | Strong domestic demand for paste PVC, pharma outsourcing growth due to China+1 strategy, expansion of refrigerant gases. | Speciality Paste PVC Resin, Custom Manufactured Chemicals, Refrigerant Gases (Mettron) |
| Commodity | Manufacture and sale of caustic soda, hydrogen peroxide, chloromethanes, and suspension PVC resin. | Integrated facilities with captive raw materials, established distribution network, and regulatory compliance. | Industrial users in paper, textile, pharma, agrochemical sectors; B2B marketing. | Caustic Soda and Hydrogen Peroxide value-added backward integration segments. | 2298 | 45 | Commodity chemical sales; spot and contract sales to diversified industrial customers. | Direct sales with market-linked pricing; subject to global commodity price fluctuations. | Stable domestic demand, export opportunities; impacted by oversupply and global price volatility. | Caustic Soda, Hydrogen Peroxide, Chloromethanes, Suspension PVC (via subsidiary CCVL) |
