| Specialty Chemicals Manufacturing | Production of phosgene-based chemicals including isocyanates, chloroformates, carbamoyl chlorides, carbamates, and others. | Longstanding expertise in phosgene chemistry, 'Responsible Care' certified manufacturing, and integration with Alembic Group and robust R&D. | B2B clients primarily from pharmaceuticals, pesticides, plastics, dyes, and perfumery industries. | Isocyanates and specialty carbamates due to high-value applications and operational efficiencies. | 211 | 100 | Revenue from product sales and toll/contract phosgenation manufacturing services. | Direct sales with contract manufacturing agreements, predominantly fixed-price with strategic customers. | Demand growth in agrochemical and pharmaceutical sectors, operational safety reputation, and contract manufacturing capabilities. | |