Vishnu Chemicals forms 50:50 JV with DCX Chrome SAS for chromium metal plant

Vishnu Chemicals Limited has entered into a joint venture agreement with DCX Chrome SAS, France, to establish a greenfield manufacturing facility in Vishakhapatnam, Andhra Pradesh. The facility will have a proposed capacity of 6,000 tonnes per annum (TPA) of high purity chromium metal. A new joint venture company will be incorporated in India, with both Vishnu Chemicals and DCX Chrome SAS holding a 50:50 stake. The JV agreement includes provisions for board representation, special rights, and deadlock resolution. The initial paid-up equity share capital of the JV Company will be INR 1,00,000.