New Launch10 Apr 2025, 03:25 am
Deepak Nitrite Ltd. to Invest ¥ 3,500 Crores in Manufacturing Complex for Phenol, Acetone, and Isopropyl Alcohol
AI Summary
Deepak Nitrite Ltd. announced that the Board of Directors of Deepak Chem Tech Limited, a material wholly owned subsidiary, approved setting up a manufacturing complex to produce Phenol & Acetone, Isopropyl Alcohol and related infrastructure / utilities with an aggregate investment of around ¥ 3,500 Crores. The project will be funded through a mix of debt and equity. Additionally, a multi purpose manufacturing facility for speciality flouro chemicals with a capital outlay of around ¥ 220 Crores was also approved.
Key Highlights
- Deepak Chem Tech Limited to invest around ¥ 3,500 Crores in a new manufacturing complex for Phenol & Acetone, Isopropyl Alcohol and related infrastructure / utilities
- The project will be funded through a mix of debt and equity
- A multi purpose manufacturing facility for speciality flouro chemicals with a capital outlay of around ¥ 220 Crores was also approved
- The new manufacturing complex will have a capacity of 3,30,000 TPA for Phenol, 2,00,000 TPA for Acetone, and 80,000 TPA for Isopropyl Alcohol
- The new capacities will be integrated to produce Polycarbonate Resins