MoneyWorks4Me

Deepak Nitrite’s arm to offtake propylene, hydrogen from Petronet LNG

21 Dec 2023 Evaluate

Deepak Nitrite’s wholly owned material subsidiary -- Deepak Phenotics (DPL) has received approval from board of directors for execution of binding Term Sheet between DPL and Petronet LNG (PLL) for offtake of 250 KTPA of Propytene and 11 KTPA of Hydrogen from Petronet Petrochemical Project at Dahej, Gujarat for a period of 15 years from the date of first supply of Propylene and Hydrogen by PLL to DPL.

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals.

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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