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JG Chemicals Expands Andhra Pradesh Footprint: Subsidiary Acquires Land for ₹23.4 Million

Updated: May 06, 2025 20:40

Image Source: IPO Watch
JG Chemicals Ltd, India's largest zinc oxide producer, has declared that its subsidiary has acquired land in Andhra Pradesh worth ₹23.4 million along with taxes successfully. This strategic acquisition reflects the company's focus on increasing its manufacturing capabilities and strengthening its presence in southern India.
 
Key Highlights:
  • The Andhra Pradesh land acquisition follows JG Chemicals' long-term multi-dimensional growth plan for expanding capacity for production, developing new product ranges, and adding depth to its supply chain across core industrial regions.
  • The recently acquired facility would probably cater to future capacity increments or new products, complementing the recent enlargement of its Naidupeta unit in the Nellore district, which boosted substantially its zinc oxide and zinc sulphate production.
  • JG Chemicals' Andhra Pradesh business is already a pillar of its national presence, with major clients in the tyre, ceramics, pharma, and agriculture industries.
  • The acquisition is part of a wider strategy to attain global scale and relevance in the zinc chemicals market, where the company is also looking at greenfield opportunities in Gujarat and overseas expansion possibilities.
The shift is in line with JG Chemicals' emphasis on long-term, sustainable value creation and its desire to grab more market share by being in closer proximity to major customers and export centers.
 
Sources: JG Chemicals Annual Report, AUM Capital Research, Anand Rathi IPO Note

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