The Board of Directors of Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited (Deepak) has approved 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 had earlier in November 2024 signed agreements to acquire and shift a PC plant from Germany to India. Now with the project to set up additional capacities of Phenol & Acetone, the PC plant, once completed, will make Deepak one of the most integrated producers of PC. The added 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 Limited, wholly owned subsidiary of the company

Further, Deepak through its wholly owned subsidiary, Deepak Advanced Materials Limited has started producing PC compounding in the recently commissioned facility at Savli, Vadodara, Gujarat. This facility is introducing new PC compounds for electronic and mobility sectors and once the entire complex is completed, it will help Deepak meet India’s growing market demand.

Commenting on this development, Deepak C. Mehta, Chairman and Managing Director of Deepak Nitrite Limited said, “Deepak Group is committed to create one of the most integrated capacities, which will give it great resilience and strength that is a must in current times. The products being import substitute, will increase our Groups contribution towards Atmanirbharata and the path of Vikshit Bharat.”

Apart from this, the Board of DCTL also approved investment of around Rs. 220 crores to support its foray into speciality flouro chemicals.