Deepak Nitrite Subsidiary DCTL Signs Agreement with Praxair India for HyCO Plant
Deepak Nitrite's subsidiary, DCTL, has partnered with Praxair India for a HyCO plant to supply raw materials for its polycarbonate project. The on-site facility, to be commissioned in 2028, ensures long-term supply and operational efficiency for DCTL's polycarbonate manufacturing unit in Gujarat.
The agreement is significant for the company's strategic expansion into polycarbonate production, ensuring a stable supply chain for a key input. The impact is medium as it supports a future project rather than immediately affecting current financials.
The agreement secures a long-term supply of essential raw materials, which is positive for the company's strategic polycarbonate project and enhances operational efficiency.
Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite Limited, has entered into a long-term agreement with Praxair India (a Linde company) to construct a HyCO plant. This facility will manufacture key raw materials essential for DCTL's upcoming polycarbonate manufacturing facility in Padariya, Dahej, Gujarat.
Under the terms of the agreement, Praxair India will build, own, and operate a dedicated on-site facility to supply these critical feedstocks for polycarbonate production. This arrangement ensures a reliable, long-term supply of an essential input for the project, enabling DCTL to focus on its core expertise while benefiting from consistent availability and operational efficiency.
The integrated polycarbonate facility is poised to play a significant role in the domestic production of high-performance materials for high-growth segments such as automotive, electrical and electronics, construction, and consumer applications. The agreement with Praxair India is structured to support product quality, scalability, and supply chain resilience.
Mr. Meghav Mehta, ED & CEO of Deepak Chem Tech Limited, stated that this agreement is an important step in advancing their polycarbonate project, enhancing execution visibility, and supporting efficient project delivery. He expressed pleasure in partnering with Praxair India, citing their global expertise and capabilities.
The on-site HyCO facility is expected to be commissioned in 2028, aligning with the timeline for Deepak Chem Tech Limited's polycarbonate plant.
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Deepak Nitrite Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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