Shivtek Spechemi to Invest ₹50 Cr in New Green Chemical Plant in Rajpura, Punjab

Shivtek Spechemi Industries Ltd, a leading specialty chemicals manufacturer and flagship of the Shiva Group, has signed an MoU with Bodal Chemicals Ltd to acquire 8 acres of land in Rajpura, Punjab. The ₹50 crore investment will fund the land acquisition and development of a state-of-the-art specialty chemical manufacturing facility.

This strategic move strengthens Shivtek’s presence in North and East India and supports its green chemistry and export-oriented growth roadmap. Located next to Bodal’s existing plant, the new facility will benefit from a direct chlorine pipeline supply, boosting supply chain efficiency, safety, and sustainability.

The plant will produce chlorinated paraffin, chlorinated polyethylene (CPE), and green plasticizers, aligning with global demand for eco-friendly materials and Shivtek’s focus on vertical integration and sustainable product innovation.

Dr. Amitt Nenwani, Managing Director, Shivtek Spechemi Industries Ltd, said, “We are excited to partner exclusively with Bodal Chemicals as this partnership reflects a shared vision between Shivtek and Bodal to build future-ready, efficient, and green chemical ecosystems. Rajpura is a strategic choice for Shivtek. Not only does it offer strong demand potential in the region, but its proximity to Bodal’s chlorine facility will allow us to reduce logistics costs, carbon emissions, and enhance sustainability. This plant marks the first phase of our multi-stage expansion. The 8-acre land parcel has been acquired not just for the current facility but also to accommodate future expansions — further strengthening our commitment to green innovation and regional growth.

For Bodal Chemicals, the deal not only optimizes land use but also secures a consistent, proximate buyer for chlorine, a byproduct of its caustic soda operations, thus reducing storage risk and improving plant utilization.

Sharing his perspective on the deal, Ankit Patel, Executive Director, Bodal Chemicals Ltd, said, “This MoU is a win-win for both parties. It supports our chlorine offtake via a safe and sustainable pipeline, ensures uninterrupted operations, and strengthens our long-term growth path. This collaboration was less about land monetization and more about synergy between two progressive chemical companies.”

The location strengthens Shivtek’s network of production hubs Rajpura (North), Dahej (West), and Kurnool (South), enabling faster service to domestic markets in Punjab and neighboring states, and export access to neighboring countries (whenever trade opens). The project will also generate significant local employment across manufacturing, engineering, and support functions in Phase 1.