Deepak Nitrite’s fully-owned subsidiary Deepak Phenolics to begin production of isopropyl alcohol (IPA) at its plant in Dahej, Gujarat, India.
The company confirmed in its official disclosure to the Bombay Stock Exchange that the company commissioned a 30,000 metric ton per annum plant at Dahej to make Isopropyl Alcohol (IPA) from Acetone, thus significantly reducing the country’s dependence on imports.
IPA is an important input in the production of essential pharmaceuticals and manufacturing of sanitizers.
“The company has commissioned its plant to make IPA from acetone. This will significantly reduce the country’s import-dependence for IPA, which is an important input in the production of essential pharmaceuticals as well as hand-sanitizers,” said a company spokesperson.
“Due care will be taken while ramping up the capacity utilization, taking manpower constraints and process safety into consideration,” he added.
The demand for IPA based hand-sanitizers has gone up significantly due to the spread of the Covid-19 pandemic across the country.
The company has made an investment of Rs 200 crore ($26.4 million) to set up the IPA manufacturing plant at its complex in Dahej.