Recent Visitors 2

Shivtek Spechemi Gujarat Investment Signals Growth for Gujarat

Shivtek Spechemi to Invest ₹150 Crore in New Gujarat Manufacturing Complex

Shivtek Spechemi Industries Ltd, the flagship company of the Shiva Group of Industries, has announced plans to invest more than ₹150 crore in a new integrated speciality chemicals manufacturing complex at Pungam in Ankleshwar, Gujarat. The company has acquired about 21 acres of industrial land for the project, which will increase its manufacturing capacity, introduce pilot facilities for clean fuel technologies, and create new employment during both construction and commercial operations.

The development adds another production centre to Shivtek’s manufacturing network, which already includes facilities at Kurnool in Andhra Pradesh, Rajpura in Punjab and Dahej in Gujarat. The company said the new complex will have a total production capacity of 144,000 metric tonnes per annum (MTPA) across two phases, with the first phase expected to begin commercial operations after its planned commissioning in March 2027.

The site has been selected because of its transport links. It is located along the Delhi-Mumbai Expressway (NE-4), close to Hazira Port, giving the company easier access to raw materials, freight corridors and export routes. The planned Bhadbhut Barrage Project is also expected to improve transport links between the new facility and Shivtek’s existing Dahej manufacturing plant.

India’s speciality chemicals industry has grown steadily during the past decade as global manufacturers look for alternative supply chains and domestic demand continues to increase. According to industry studies, India is among the world’s fastest-growing speciality chemicals markets, supported by demand from pharmaceutical, agrochemical, personal care and industrial manufacturing sectors. Gujarat remains the country’s largest chemical manufacturing state, accounting for a significant share of India’s chemical production and exports because of its established industrial infrastructure, port connectivity and large network of chemical producers.

Speaking about the project, Mr Amitt Nenwani, Managing Director, Shivtek Spechemi Industries Ltd, said, “This milestone is also a step towards supporting the Government of India’s vision of Viksit Bharat @2047 and Atmanirbhar Bharat, and we look forward to showcasing this project at the Vibrant Gujarat Summit 2027. Located on the Delhi-Mumbai Expressway and in proximity to Hazira port and our Dahej facility, gives us the connectivity and infrastructure we need to scale efficiently. This new facility will not only expand our speciality chemicals portfolio but also allow us to pilot next-generation Methanol-to-Gas and Hydrogen Fuel technologies for the shipping industry, reinforcing our commitment to innovation and cleaner energy.”

The first phase of the project will focus on manufacturing Pharma Grade Hydrochloric Acid (HCl), along with the processing and production of speciality feedstock and speciality petrochemicals. This phase will add 84,000 MTPA of production capacity.

The second phase will introduce pilot-scale facilities for Methanol-to-Gas and Hydrogen Fuel technologies. These technologies are being explored worldwide as the shipping industry works to reduce greenhouse gas emissions. International shipping contributes roughly three per cent of global carbon dioxide emissions, according to the International Maritime Organisation (IMO), prompting ship owners, fuel suppliers and technology developers to test lower-carbon alternatives. Methanol is already being adopted by several shipping companies as a cleaner marine fuel, while hydrogen continues to attract interest for future zero-emission vessels, although commercial adoption remains at an early stage.

Alongside these pilot projects, Shivtek plans to expand its product portfolio by manufacturing a range of petrochemical intermediates, from low boilers to heavy boilers. This second phase will contribute an additional 60,000 MTPA of production capacity, taking the site’s combined capacity to 144,000 MTPA.

Once operational, the new facility is expected to supply speciality feedstock and chemical intermediates to industries including pharmaceuticals, agrochemicals, personal care products, industrial coatings, textiles and water treatment. These sectors depend on speciality chemicals for manufacturing processes, product quality and performance. Demand has continued to rise as India’s pharmaceutical and manufacturing industries expand and export markets grow.

The complex will include production units, quality control laboratories, utility systems, warehouses, storage facilities and supporting infrastructure. The company said the project has been designed to meet international Environmental, Health and Safety (EHS) standards, reflecting the increasing importance of safety and environmental compliance within the chemical manufacturing sector.

The investment is also expected to support employment in the region. Construction activities will require skilled and semi-skilled workers, while long-term operations will create jobs in manufacturing, engineering, laboratory testing, logistics, maintenance and administration. Industrial projects of this scale often generate indirect employment through transport, contract services and local suppliers.

Ankleshwar has long been recognised as one of India’s major chemical manufacturing centres. Together with nearby industrial locations such as Dahej and Bharuch, it forms an important part of Gujarat’s chemical and petrochemical corridor. The region benefits from established industrial estates, access to ports and a supply chain that supports both domestic production and exports.

The announcement comes as several chemical manufacturers continue to expand their operations in Gujarat to meet rising domestic demand and strengthen export capabilities. Government initiatives aimed at boosting manufacturing, improving logistics and encouraging industrial investment have also contributed to increased activity in the sector.

If the project progresses according to schedule, Phase 1 is expected to be commissioned by March 2027, with commercial production beginning soon afterwards. The new manufacturing complex will become another addition to Gujarat’s growing industrial base while strengthening Shivtek Spechemi Industries Ltd’s presence in India’s speciality chemicals sector.