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.
| 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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