Punjab Alkalies & Chemicals

What Punjab Alkalies & Chemicals does

Punjab Alkalies & Chemicals, now operating as Primo Chemicals Limited since 19 December 2022, is an Indian chlor-alkali chemical manufacturer incorporated in 1975 in Chandigarh. The company produces five core commodity chemicals — Caustic Soda Lye, Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen Gas — through membrane-cell chlor-alkali electrolysis at a single integrated manufacturing facility on Nangal-Una Road in Naya Nangal, Punjab. The by-product-linked product slate is typical of chlor-alkali operations, where chlorine and hydrogen co-production economics drive margins on caustic soda. The company holds ISO 9001 certification and maintains formal Quality, Energy Management, Environment, Food Safety, and Health & Safety policies, indicating compliance with the regulatory requirements governing hazardous chemical production in India.

The company operates a B2B industrial chemicals model, selling directly to manufacturers in water treatment, textile processing, agriculture, and other industrial end-markets, primarily across North India. Pricing is not publicly disclosed and is consistent with industry-standard quote-based B2B industrial chemical sales rather than long-term fixed contracts. In FY2023-24, the company reported revenue of ₹519 crore (approximately $62M USD at prevailing exchange rates), up 10% year-over-year, with 101–250 employees. The company is publicly listed on Indian stock exchanges under the BSE symbol PACL, and in October 2022 raised approximately ₹366 crore (~$43.7M) in a funding round led by quant Mutual Fund. Its registered and corporate office relocated in Chandigarh on 1 March 2025.

Revenue concentration by customer, segment, or end-market is not disclosed, and the customer base is described only as a generic horizontal "Industrial Manufacturing" bucket. The company has no subsidiaries, no disclosed M&A activity, and no announced expansion beyond its existing Naya Nangal plant and North India footprint, with the most significant recent strategic actions being the 2022 capital raise and corporate rebrand.

Name

Punjab Alkalies & Chemicals

Legal name

Primo Chemicals Limited

Website

https://www.punjabalkalies.com/

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

101–250 employees

Short description

Primo Chemicals Limited (formerly Punjab Alkalies & Chemicals) is an Indian chlor-alkali manufacturer producing caustic soda lye, hydrochloric acid, liquid chlorine, sodium hypochlorite, and hydrogen gas at its Naya Nangal, Punjab plant for industrial B2B customers.

Ownership category

akta.pro rank

Product category

Industrial Chemicals

NAICS

Other Basic Inorganic Chemical Manufacturing (325180), Basic Chemical Manufacturing (3251)

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Chlor-Alkali & Derivatives (IMAEAAAC)

akta.pro secondary industries

Municipal Wastewater & Sewage Treatment Chemicals (IMAEAJAB), Industrial Wastewater Treatment Chemicals (IMAEAJAC)

Keywords

• Chlor-alkali chemicals
• Caustic soda lye
• Hydrochloric acid
• Industrial chemical manufacturing
• Liquid chlorine production

Headquarters

HQ city

Chandigarh

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Core offering

Punjab Alkalies & Chemicals (now Primo Chemicals Limited) manufactures industrial chlor-alkali chemicals including Caustic Soda Lye, Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen Gas. The products are produced at its Naya Nangal, Punjab manufacturing facility and sold to industrial customers across manufacturing sectors such as water treatment, textiles, agriculture, and other industrial processes.

Product overview

Primo Chemicals Limited (formerly Punjab Alkalies & Chemicals Limited) is a chemical manufacturing company offering a portfolio of five core chemical products: Caustic Soda Lye, Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen Gas. These industrial chemicals serve various applications in water treatment, textile processing, agriculture, and other manufacturing sectors. The company operates from its work office in Naya Nangal, Punjab and its registered corporate office in Chandigarh.

Differentiator

Problem solved

Functional benefit

Products and services

• Caustic Soda Lye

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Tata Chemicals: Diversified Indian chemical major with a substantial chlor-alkali and soda ash business alongside soda ash, salt, and specialty chemicals. Overlaps directly with PACL on caustic soda and chlor-alkali derivatives, but operates at much greater scale and with a broader portfolio.
• Olin Corporation: Global chlor-alkali and epoxy resin major producing chlorine, caustic soda, HCl, hypochlorite, and hydrogen. Comparable to PACL on the full chlor-alkali product suite, but at vastly larger scale and with global market reach.
• Westlake Chemical: Global integrated chlor-alkali, vinyls and building products producer. Comparable to PACL on caustic soda, chlorine, HCl and hydrogen production, but operates globally and is integrated further downstream into PVC and finished products.
• Nirma Limited: Large Indian conglomerate with a soda ash and chlor-alkali chemicals business in addition to its flagship consumer detergents business. Overlaps with PACL on chlor-alkali supply but operates at significantly larger scale and across multiple end-markets.

Direct peers

• Lords Chloro Alkali: Small-to-mid cap Indian chlor-alkali manufacturer producing caustic soda, liquid chlorine, HCl, hydrogen and stable bleaching powder. Closest comparable to PACL by size, single-site chlor-alkali focus, and B2B industrial customer base in India.
• Kanoria Chemicals & Industries: Indian manufacturer of chlor-alkali products including caustic soda, chlorine, HCl and downstream alcohol-based chemicals. Comparable to PACL on chlor-alkali core products and Indian industrial customer segments.
• Gujarat Alkalies and Chemicals: One of India's largest chlor-alkali producers manufacturing caustic soda, chlorine, HCl, hydrogen and related chemicals. Highly comparable to PACL on product mix, B2B industrial customer base, and Indian-listed chlor-alkali business model, but at materially larger scale.
• Meghmani Finechem: Indian chlor-alkali and derivatives manufacturer producing caustic soda, chlorine, HCl and downstream epichlorohydrin/chlorinated intermediates. Closely comparable to PACL in chlor-alkali product mix, customer segments (water treatment, textiles, agrochemicals), and mid-cap Indian-listed profile.
• Sree Rayalaseema Hi-Strength Hypo: Indian manufacturer specializing in sodium hypochlorite and chlor-alkali derivatives. Directly comparable to one of PACL's core product lines (sodium hypochlorite) with similar B2B water-treatment and industrial customer base.
• DCW: Indian chemical company producing caustic soda, liquid chlorine, hydrochloric acid, and PVC/S-PVC — i.e., chlor-alkali chain plus downstream vinyl derivatives. Highly comparable to PACL on chlor-alkali core but with broader downstream integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Punjab Alkalies & Chemicals