Deepak Fertilizers up 3% on capacity expansion plan at Taloja plant
The company is expanding its capacity by 100 KTA and 7 KTA Diisopropyl Ether and it will take around 30 months for the said expansion.
Moneycontrol News
Shares of Deepak Fertilizers and Petrochemicals Corporation added more than 3 percent intraday Monday on the capacity expansion plan.
The company is planning to set up a brown field Iso Propyl Alcohol (IPA) plant, with high purity Diisopropyl Ether (DIPE) as co-product, at Taloja with an ISBL (Inside Battery Limit) investment of approximately Rs 450 crore.
The company is expanding its capacity by 100 KTA and 7 KTA Diisopropyl Ether and it will take around 30 months for the said expansion.
Sailesh Mehta, CMD of Deepak Fertlizers said, "This is yet another step towards achieving our aspirations of growth, profitability and market leadership for each of our businesses."
At 10:42 hrs Deepak Fertilizers and Petrochemicals Coprn was quoting at Rs 368.75, up Rs 3.05, or 0.83 percent on the BSE.
Posted by Rakesh Patil
