en.Wedoany.com Reported - Shivtek Spechemi Industries (the flagship company of Shiva Group of Industries) has acquired approximately 21 acres of industrial land in Pungam (Ankleshwar), Gujarat, and plans to invest over INR 1.5 billion to build a greenfield integrated manufacturing complex to cater to domestic and international demand for specialty chemicals and clean fuel technologies.
This expansion will be integrated into Shivtek's existing multi-location production footprint, with the company currently operating manufacturing bases in Kurnool (South), Rajpura (North), and Dahej (West). The Pungam site is located along the Delhi-Mumbai Expressway Corridor (NE-4), in close proximity to Hazira Port, providing access to freight corridors, raw material sources, and international shipping routes. The planned Bhadbhut barrage project is expected to further enhance local connectivity and enable integration with Shivtek's primary manufacturing facility in Dahej.
Amitt Nenwani, Managing Director of Shivtek Spechemi Industries, stated that the project's advancement will support the Indian government's "Viksit Bharat 2047" and "Atmanirbhar Bharat" visions, with the company planning to showcase the project at the Vibrant Gujarat Summit in 2027. He noted that the site's location along the Delhi-Mumbai Expressway Corridor, near Hazira Port and the Dahej plant, provides the infrastructure and connectivity required for efficient expansion; the new plant will expand the specialty chemicals portfolio and pilot next-generation methanol-to-gas and hydrogen fuel technologies for the shipping industry.
Phase I will focus on the production of pharmaceutical-grade hydrochloric acid (HCl), as well as the processing and manufacturing of specialty raw materials and specialty petrochemical products, with a planned capacity of 84,000 metric tons per annum (MTPA). Phase II will involve the construction of pilot plants for methanol-to-gas and hydrogen fuel technologies, addressing the maritime industry's transition toward clean energy alternatives, while expanding the product portfolio to include petrochemical intermediates ranging from low-boiling to high-boiling points, adding a capacity of 60,000 MTPA.
According to the company's disclosure, the new complex will supply raw materials and intermediates to end-use industries including pharmaceuticals, agrochemicals, personal care, industrial coatings, water treatment, and textiles upon commencement of operations. The project encompasses production units, utilities, quality control laboratories, warehousing facilities, storage infrastructure, and ancillary services, built to international environmental, health, and safety (EHS) benchmarks, and will generate direct and indirect employment opportunities during both the construction and operational phases.
Phase I is scheduled to commence production in March 2027, with commercial operations expected to follow shortly thereafter.
