Phase 1 of new battery chemicals manufacturing block inaugurated at Jhagadia

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.1%-0.1% vs market

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AI summary

Acutaas Chemicals inaugurated Phase 1 of a new state-of-the-art manufacturing block at its existing Unit-III facility in Jhagadia, Gujarat on January 19, 2026. The block is dedicated to producing electrolyte additives and other battery chemicals. This follows up on the company's December 2024 intimation about the project, marking a key milestone in its expansion plans.

Likely market impact

Positive for growth outlook as the company enters battery chemicals, a segment linked to rising EV and energy storage demand.