PCBL Chemical Gets ₹329 Crore ECMS Approval; Shares Rise 3.52%

Mumbai August, 18: PCBL Chemical Limited has received approval under the Electronics Components Manufacturing Scheme (ECMS) for its proposed Acetylene Black project, involving an investment of approximately ₹329 crore.

The company disclosed the development to the stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The project centres on Acetylene Black, a conductive material used in lithium-ion batteries as well as other advanced industrial applications.

PCBL Chemical said the proposed investment is expected to support the development of the domestic advanced materials ecosystem, while also strengthening local supply chains and reducing dependence on imports.

Stock Market Snapshot

Shares of PCBL Chemical moved higher after the company announced the ECMS approval, extending gains during the afternoon session.

As of 3:15 PM IST on August 18, 2026, the PCBL Chemical share price stood at ₹326.55, up ₹11.10, or 3.52%, according to the market data provided.

The stock had traded near ₹319 during much of the afternoon before gaining momentum after around 1:40 PM. It subsequently climbed to an intraday high of nearly ₹329 before settling at ₹326.55 at the latest available timestamp.

The movement puts the stock well above its earlier session levels as investors responded to the project approval and the company’s planned investment in Acetylene Black manufacturing.

Company Expands Focus On Advanced Materials

The proposed Acetylene Black facility forms part of PCBL Chemical’s broader manufacturing and materials portfolio. Acetylene Black is valued for its electrical conductivity and is used in applications including lithium-ion batteries and other advanced industrial products.

The company said the project could help strengthen domestic manufacturing capabilities, create skilled employment opportunities and improve its position in the global value chain for advanced materials.

The approval under the ECMS also provides a policy-backed framework for the proposed ₹329 crore investment, although the company has not disclosed further project execution milestones in the exchange communication.

Conclusion

PCBL Chemical has received ECMS approval for its proposed ₹329 crore Acetylene Black project, marking a step forward for its planned expansion into a material used in lithium-ion batteries and other advanced applications.

The company said the project is aimed at strengthening domestic supply chains and supporting India’s advanced materials ecosystem.

Shares of PCBL Chemical were up 3.52% at ₹326.55 as of 3:15 PM IST on August 18, 2026, after rising sharply in the afternoon session.

Source:

• https://www.nseindia.com/get-quote/equity/PCBL/PCBL-Chemical-Limited
• https://nsearchives.nseindia.com/corporate/PCBL_18082026152018_IntimationforECMSApproval.pdf