Deepak Nitrite’s material wholly owned subsidiary -- Deepak Chem Tech (DCTL) has received approval from board of directors to undertake project for manufacturing 300 KTA of Phenol, 185 KTA of Acetone and 100 KTA of Isopropyl Alcohol (IPA) including greenfield infrastructure capex for an aggregate investment of about Rs 3,500 crore (which will be firmed up during detailed engineering) and shall be funded through a suitable mix of debt and equity. The new capacity of Phenol and Acetone would be ultimately integrated to produce Polycarbonate Resins (PC).
DCTL has already signed agreements to acquire and shift a PC plant from Germany to India. When finally completed, Deepak will be one of the most integrated producer of PC from the above Phenol and Acetone. The above Phenol, Acetone and IPA capacities will be over and above the existing capacities of 330 KTA of Phenol, 200 KTA of Acetone and 80 KTA of IPA under Deepak Phenolics, wholly owned subsidiary of the Company. Separately, the Board of DCTL also approved investment of around Rs 220 crore to support its foray into specialty flouro chemicals.
Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals.
