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Deepak Nitrite’s arm signs MoU with Government of Gujarat

24 May 2023 Evaluate

Deepak Nitrite’s wholly owned subsidiary -- Deepak Chem Tech has signed a Memorandum of Understanding (MoU) with Government of Gujarat on May 23, 2023 with intent to invest around Rs 5,000 crore in next 4 years for setting up projects to manufacture Speciatity Chemicals, Phenol / Acetone and Bisphenol at Dahej / Nandesari, in the State of Gujarat. The proposed investment is expected to generate around 1,500 direct and indirect employment opportunities.

Deepak Nitrite manufactures chemical intermediates to serve the domestic and international market with high quality products made in a responsible and sustainable manner


Peers
Company Name CMP
Godrej Industries 1104.15
SRF 2530.50
BASF India 3539.75
Pidilite Inds. 1511.00
Tata Chemicals 644.10
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