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Deepak Nitrite’s arm signs tong-term agreement with Praxair India

02 May 2026 Evaluate

Deepak Nitrite’s wholly owned subsidiary -- Deepak Chem Tech (DCTL) has entered into tong-term agreement with Praxair India (a Linde company) to build a HyCO plant to manufacture key raw materials for DCTL's upcoming polycarbonate manufacturing facility at Padariya, Dahej, in the state of Gujarat. 

Under the agreement, Praxair India will build, own and operate dedicated on-site facility to supply key feedstocks for polycarbonate production. The arrangement establishes a reliable, long-term supply of an essential input for the project. The agreement brings together DCTL's downstream materials platform with Praxair India's expertise in industrial gas infrastructure and operations. The onsite model is expected to support consistent availability and operational efficiency, while enabling DCTL to maintain focus on its core expertise. 

DCTL's integrated Polycarbonate facility is intended to play a significant role in the domestic production of a high-performance material that serves several high growth end-use segments in India, including automotive, electrical and electronics, construction, and consumer applications. The integrated supply arrangement with Praxair India has been structured to support product quality, scalability, and supply chain resilience as the project advances.

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

Deepak Nitrite Share Price

1736.90 13.20 (0.77%)
30-Apr-2026 16:59 View Price Chart
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Company Name CMP
BASF India 3640.10
Tata Chemicals 809.45
SRF 2519.20
Pidilite Inds. 1375.55
Deepak Nitrite 1736.90
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