7 months ago

Acutaas Chemicals Bets on Semiconductors and Batteries

Acutaas Chemicals Bets on Semiconductors and Batteries
As India builds chips and batteries, one chemical firm is betting on both · livemint.com

Acutaas Chemicals is a company that usually makes chemicals for medicines.

Now, it's trying to make chemicals for computer chips and batteries too.

The company thinks this is a good idea because India wants to make more of these things itself instead of buying them from other countries.

Making chips and batteries needs very special chemicals, and Acutaas wants to be one of the main suppliers.

The company is investing a lot of money to build new factories and make new products.

It's a big risk, but if it works, Acutaas could become very important in these new industries.

Key facts

Company
Acutaas Chemicals
Primary Business
Advanced pharmaceutical intermediates (APIs)
Revenue from APIs (FY25)
84.8%
Semiconductor Entry
FY23 (55% stake in Baba Fine Chemicals)
Battery Chemicals Entry
2022
Global Battery Demand (2024)
1 terawatt-hour
Battery Pack Prices (2024)
Below $100 per kWh
India's Semiconductor Market (2024)
₹4.5 trillion
India's Semiconductor Market (2030)
₹9 trillion
Battery Chemicals Growth (India)
CAGR of over 15%

Sources

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