On Thursday, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) announced its plans to enhance Nitric Acid production capacity at its Dahej facility in Gujarat. The expansion project is projected to cost Rs 19.50 billion. The company’s Board of Directors has given the green light to establish a Weak Nitric Acid (WNA) plant, with a targeted … Read more
Deepak Fertilisers and Petrochemicals Corporation Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.3% to Rs 2.49 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.71 billion for the … Read more
The Board of Directors of Smartchem Technologies Limited (STL) at its meeting held approved a Corporate Restructuring Plan with the objective of unlocking growth potential of each of the businesses. STL is a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited, one of India’s leading producers of industrial chemicals and fertilisers (DFPCL). Commenting … Read more
Aarti Industries Ltd (AIL) and Deepak Fertilisers & Petrochemicals Corporation Ltd (DFPCL) announced that they have signed a binding term sheet for a 20-year period for offtake and supply of Nitric Acid. The parties plan to execute the formal agreement before the close of this calendar year. The supply arrangement comes into effect from 1st … Read more
Smartchem Technologies Ltd. (STL), a 100% subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL), said it would invest ₹ 22 billion to set up a technical ammonium nitrate (TAN) complex at Gopalpur Industrial Park in Odisha. The ground-breaking and foundation-laying ceremony was held on Thursday. The project is located at Tata Steel Industrial Park, … Read more
Deepak Fertilizers and Petrochemicals Corporation Ltd., a commodity chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 29.1% to Rs 908.2 million for the period ended September 30, 2021 as against net profit of Rs 1.28 million for the previous … Read more
Deepak Fertilizers announced the start of commercial output of nitric acid at its production complex at Dahej, Gujarat. The new facility, with project cost of approximately $79 million, has production capacity of around 92,000 tonne per annum for concentrated nitric acid and around 14,9000 tonne/annum for diluted nitric acid, the company said. This new facility … Read more