Announced Mon, 7 Sept, 2026 · 21:06 IST
Vishnu Chemicals forms 50:50 JV with France DCX Chrome for chromium plant
VISHNU · price
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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹727.15
prior close
₹736.50
base price
After-mkt
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AI summary
Vishnu Chemicals has signed a 50:50 joint venture agreement with DCX Chrome SAS, a French firm and subsidiary of Delachaux Group. The JV will set up a greenfield plant at Vishakhapatnam to make 6,000 tonnes per year of high purity chromium metal. Initial equity capital is INR 1 lakh, with both partners funding equally as needed. VCL posted Rs 1,600 crore revenue in FY26.
Likely market impact
JV gives VCL access to DCX's chromium technology and secures raw material supply, supporting expansion into high purity chromium metal.