Shivtek Spechemi Acquires 21 Acres in Gujarat, to Invest Rs 150 Crore in New Specialty Chemicals Plant
The company will invest over Rs 150 crore in the new plant, which is aimed at meeting rising domestic and global demand for specialty chemicals and clean fuel technologies.
The new facility strengthens Shivtek's manufacturing network across Kurnool, Rajpura and Dahej. Strategically located along the Delhi-Mumbai Expressway (NE-4) and close to Hazira Port, the Pungam site offers improved access to freight corridors, raw material sources and export markets. Connectivity is expected to improve further with the upcoming Bhadbhut Barrage Project, enabling better integration with the company's Dahej manufacturing facility.
Speaking about the acquisition, 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 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 specialty 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 acquisition marks a strategic milestone in Shivtek's long-term growth strategy. The upcoming facility will expand the company's production capabilities, strengthen supply chain resilience, support product diversification, and address the rising demand for specialty chemicals in domestic and international markets. The project will comprise of advanced manufacturing units, utilities, quality control laboratories, warehousing facilities, storage infrastructure, and supporting services designed to meet global manufacturing and safety standards.
Phase 1 will include manufacturing of Pharma Grade Hydrochloric Acid (HCl) as well as the processing and manufacturing of specialty feedstock and specialty petrochemicals, with a planned capacity of 84,000 MTPA.
Crucially, Phase 2 will establish pilot-scale units for Methanol-to-Gas and Hydrogen Fuel technologies, addressing the global maritime sector's shift toward cleaner energy alternatives. Additionally, the company will expand the product portfolio to include a wide range of petrochemical intermediates, ranging from low boilers to heavy boilers, with an additional capacity of 60,000 MTPA.
Upon commercial operation, the complex will supply high-value feedstock and intermediates to critical end-use sectors, including pharmaceuticals, agrochemicals, personal care, industrial coatings, water treatment, textiles, and other specialty chemical applications.
Published on:
03 August 2026
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