Deepak Chem Tech Limited (DCTL), a wholly owned subsidiary of Deepak Nitrite Limited, has announced a significant leap forward in its growth trajectory with the approval of a substantial Rs 3,500 Crore greenfield project. This ambitious expansion aims to significantly boost the company's production capabilities of key chemicals – Phenol, Acetone, and Isopropyl Alcohol (IPA) – and strategically integrate its operations to become a leading, fully integrated producer of polycarbonate resins (PC) in India.

The DCTL Board of Directors gave the green light to the project on April 10, 2025, outlining plans for the establishment of new manufacturing capacities including 300 KTA (Kilo Tonnes Per Annum) of Phenol, 185 KTA of Acetone, and 100 KTA of IPA. The final investment figure of approximately Rs 3,500 Crores will be determined following detailed engineering studies, with the project being financed through a balanced mix of debt and equity.

This strategic expansion is directly aligned with Deepak Group’s long-term vision to establish itself as a dominant player in the polycarbonate market. This ambition was further solidified in November 2024 when DCTL entered into agreements to acquire and relocate a state-of-the-art PC manufacturing plant from Germany to India. The newly announced capacities for Phenol and Acetone will serve as crucial backward integration for this relocated PC plant, ensuring a seamless and efficient supply chain from raw materials to the final product.

Once operational, this integrated infrastructure will position Deepak as one of the most integrated PC producers in the country. This move is expected to significantly reduce India’s reliance on PC imports, bolster domestic supply chain resilience, and contribute to the nation’s self-sufficiency goals.

The new capacities will be in addition to the already substantial production volumes managed by Deepak Phenolics Limited, another wholly-owned subsidiary of the Group, which currently operates facilities with a capacity of 330 KTA of Phenol, 200 KTA of Acetone, and 80 KTA of IPA.

Furthermore, Deepak has recently commissioned a new facility under Deepak Advanced Materials Limited in Savli, Vadodara, Gujarat. This plant is already engaged in the production of PC compounds, introducing advanced PC materials tailored for the burgeoning electronics and mobility sectors in India, further catering to the increasing domestic demand.

Commenting on these significant developments, Deepak C. Mehta, Chairman and Managing Director of Deepak Nitrite Limited, emphasized the Group’s commitment to building a robust and integrated manufacturing ecosystem. He stated, “The Deepak Group is committed to building one of the most integrated manufacturing ecosystems, offering both resilience and strength – essential in today’s dynamic environment. These import-substituting projects will significantly contribute to Atmanirbhar Bharat and align with India’s vision of a Vikshit Bharat.”