| Insoluble Sulphur Manufacturing | Manufacture and supply of various grades of insoluble sulphur used in tyre vulcanization. | Proprietary in-house technology, long customer approvals, high capital intensity, and market leadership. | B2B customer base including global tyre manufacturers across 21 countries. | Specialized grades with superior dispersion and stability command premium margins. | 249 | 81 | Sales of insoluble sulphur primarily to tyre manufacturers under long-term contracts. | Contractual sales with pricing linked to raw material and market conditions. | Increased radialisation in tyres, automotive growth, import duties boosting domestic demand. | Diamond Sulf |
| Sulphuric Acid and Oleum | Production and sale of commercial and battery grade sulphuric acid and oleum for diverse industrial uses. | Integrated plant steam usage, proximity to customers, and regulatory compliance certifications. | B2B customers in heavy chemical and manufacturing sectors. | Battery grade sulphuric acid yields better margins due to quality specifications. | 57 | 19 | Sales to chemical, steel, battery, and pharmaceutical industries. | Product sales often under established supply agreements. | Steady industrial demand for sulphuric acid as a raw material and catalyst. | |
