Vishnu Chemicals forms 50:50 JV with France's DCX Chrome for Chromium Metal Plant
Vishnu Chemicals Limited and DCX Chrome SAS (France) have formed a 50:50 joint venture to set up a greenfield manufacturing facility for high purity chromium metal in Vishakhapatnam, India. The facility will have a capacity of 6,000 TPA. Initial paid-up capital for the JV is ₹1 lakh.
The joint venture involves setting up a new manufacturing facility with a significant capacity, which is expected to contribute to the company's future revenue and market presence. The financial details of the JV are modest initially, but the strategic intent is significant.
The formation of a joint venture for a new manufacturing facility, leveraging technology and raw material strengths, is a positive development for the company's growth and market position.
Vishnu Chemicals Limited (VCL) has entered into a joint venture agreement with DCX Chrome SAS, France, to establish a greenfield manufacturing facility in Vishakhapatnam, Andhra Pradesh, India. The facility will have a proposed capacity of 6,000 tonnes per annum (TPA) of high purity chromium metal.
The joint venture company will be incorporated in India and will be equally owned by VCL and DCX Chrome SAS, each holding a 50% stake. The initial paid-up equity share capital of the JV company is proposed to be ₹1,00,000, with both partners contributing equally. This collaboration aims to leverage DCX's technology with VCL's assured raw material supply for the production of high purity chromium metal.
DCX Chrome SAS is a wholly-owned subsidiary of Delachaux Group, France. For FY2025-26, Vishnu Chemicals Limited reported a turnover of ₹1600 crore. DCX Chrome SAS reported a turnover of €122 million for FY2024-25, while its parent company, Delachaux Group, reported €1013 million for the same period.
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Vishnu Chemicals Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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