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Deepak Fertilizers & Petrochemicals Corporation has received an approval to raise funds through issue of Non-Convertible Debentures (NCDs) aggregating Rs 500 crore on private placement basis or raising term loan aggregating Rs 500 crore from banks/ financial institutions.

The Board of Directors of the company at its meeting held on November 13, 2018 has approved the same.

Deepak Fertilisers & Petrochemicals Corporation business can be broadly categorized into Chemicals, Agribusiness and Specialty Retailing. The company's chemical division manufactures Methanol, various grades of Nitric Acid and Ammonia.

Peers
Company Name CMP
Godrej Industries 996.30
SRF 2488.00
BASF India 3379.40
Pidilite Inds. 1486.45
Tata Chemicals 629.60
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