Deepak Nitrite board approves ₹3,500 crore investment

Deepak Chem Tech, a subsidiary of Deepak Nitrite, will invest ₹3,500 crore to set up new plants for Phenol, Acetone, and IPA production. This greenfield expansion supports backward integration into Polycarbonate Resins, with a German plant relocation underway. The move nearly doubles Deepak’s capacity, strengthening its position in speciality chemicals and advanced materials.