| Pigments and Dye Intermediates | Manufacturing and sale of phthalocyanine pigments and dye intermediates. | Proprietary technology; strong client relationships; significant market share in India. | Chemical industry clients in India and abroad. | Specialty pigments and downstream dye intermediates exhibit higher margins. | 150 | 81 | Direct B2B sales to chemical manufacturers and industrial users. | Contract-based and spot market pricing typical for chemical products. | Rising pigment demand in coatings, plastics, and printing inks drives growth. | Copper Phthalocyanine Blue Crude, Alpha Blue, Pigment Green 7 |
| Bisphenol-A Production | Manufacture of Bisphenol-A used in epoxy and phenolic resins. | Exclusive collaboration with Polibur Engineering and ICSO Poland technology; in-house capacity advantage. | Epoxy and phenolic resin producers globally. | Bisphenol-A commands stable margins due to niche manufacturing. | 35 | 19 | Sales to resin manufacturers under long-term contracts and spot sales. | Contract and market price linked sales. | Demand growth in adhesives and coatings sectors fuels Bisphenol-A sales. | Bisphenol-A |
