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Deepak Nitrite’s arm gets nod to undertake project to manufacture polycarbonate resins

14 Nov 2024 Evaluate

Deepak Nitrite’s wholly owned material subsidiary -- Deepak Chem Tech (DCTL) has received approval from board of directors to undertake a project for manufacturing Potycarbonate Resins (PC) with an investment of around Rs 5,000 crore including greenfield infrastructure capex, subject to completion of detailed engineering, which shall be funded through a suitable mix of debt and equity.

Towards this, DCTL has entered into agreements with Trinseo Deutschland Anlagengesellschaft mbH and Trinseo Europe GmbH (collectivety referred to as Trinseo) for acquisition from Trinseo, PC manufacturing assets, having a capacity of 165,000 Metric Tonnes and PC technology License.

The purpose of the agreements is to acquire from Trinseo, PC technology license and Trinseo's PC manufacturing assets, including all proprietary equipment, situated at Stade in Germany, which shall be relocated to India and set-up at Dahej and thereby to undertake the project for manufacturing Polycarbonate Resins, approved by the Board of Directors of DCTL.

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

Deepak Nitrite Share Price

1538.00 2.95 (0.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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