Deals7 Feb 2025, 02:01 am
Deepak Nitrite Ltd. Executes Agreements with Petronet LNG Limited for Propylene and Hydrogen Procurement
AI Summary
Deepak Nitrite Ltd. has executed definitive agreements with Petronet LNG Limited for the supply of 250 KTPA of Propylene and 11 KTPA of Hydrogen. This agreement has a supply period of 15 years from the date of first supply by Petronet LNG Limited. This announcement is in continuation to the approval granted by the Board of Directors of Deepak Phenolics Limited, a wholly owned subsidiary of the Company, on 28th October, 2024, for the execution of such agreements.
Key Highlights
- Deepak Nitrite Ltd. has executed definitive agreements with Petronet LNG Limited for the supply of Propylene and Hydrogen.
- The supply period for Propylene and Hydrogen is 15 years from the date of first supply.
- The agreements are a follow-up to the approval granted by the Board of Directors of Deepak Phenolics Limited on 28th October, 2024.