Archean Chemical Industries Limited has entered into a loan agreement with the wholly owned subsidiary Neun Infra Private Limited for Rs. 150 crore.

The loan is intended to address immediate funding requirements of SiCSem Private Limited for commencement of procurement of long-lead machinery, equipment, and associated items, which are essential to maintain project timelines, pending execution of the Fiscal Support Agreement (FSA) with the Government of India under the India Semiconductor Mission (ISM) framework.

Neun Infra Private Limited is the holding company for SiCSem Private Limited, which has received approval under the India Semiconductor Mission for setting up a compound semiconductor and ATMP manufacturing facility in India. The proposed funding is aligned with advancing early-stage capital commitments of the approved project.