21-Jul-26 The company has announced a massive investment pipeline in Polycarbonate Resins, Phenol, Acetone, and IPA. Capex plans for FY 2026-27. Deepak Group's vision of having a state-of-the-art integrated Chemical and Petrochemical complex is shaping up sustainably, in planned phase -by-phase structuring. Maulik D Mehta, Deputy Managing Director said “Our FY26–FY28 capex strategy is focused on building a fully integrated advanced materials platform through major investments in Phenol, Acetone, IPA, and Polycarbonate (PC) resins. The company has announced investments of over INR 11,000 crore, including India’s first large-scale PC resin ecosystem, targeting strong import-substitution opportunities. These advanced materials are seeing rising demand from EVs, electronics, medical devices, and infrastructure sectors. By integrating the entire value chain, Deepak aims to improve margin stability, reduce dependence on imports, and strengthen global competitiveness. Over the next decade, these investments are expected to shift the company toward higher-value specialty materials and create a long-term manufacturing moat.
Deepak Nitrite is positioning itself as one of the world’s largest single-location producers of phenol and acetone.
We see ourselves as our customer’s ‘Partner-of-Choice’ banking on our cutting-edge technological excellence and decades of domain expertise. Deepak Nitrite’s scale in Phenol and Acetone strengthens its competitiveness by driving significant cost efficiencies, operational integration, and supply reliability. Being among the world’s largest single-location producers enables economies of scale in procurement, manufacturing, logistics, and energy utilization, helping the company maintain competitive margins even during cyclical downturns. The integrated setup also provides feedstock security for downstream products like IPA, BPA, and polycarbonate resins, creating a strong value-chain advantage.
Additionally, large-scale domestic manufacturing reduces India’s dependence on imports and positions Deepak as a strategic global supplier amid the China+1 diversification trend. This scale, combined with backward and forward integration, enhances Deepak Nitrite’s ability to compete with global chemical majors over the long term. “
Deepak Group's Rs. 8,500 crore polycarbonate resin initiative is among the largest investments in India’s specialty materials sector. What are the key milestones and commercialization timelines investors should watch for?
In a unique sync of European technology with Indian manufacturing excellence, Deepak Group is on track to achieve India's first fully integrated polycarbonate facility in Dahej, Gujarat. For this project, Deepak has entered into a strategic long-term agreement with Praxair India to establish a dedicated onsite HyCO plant at our Dahej facility.
Under this ‘Build-Own-Operate’ model, Praxair India will manage the dedicated on-site infrastructure, allowing us to maintain a sharp focus on the polycarbonate resin project, significantly enhancing execution visibility and reducing upfront investment and supply chain resilience. Plant dismantling at Stade, Germany is progressing with shipments already underway to India. Commissioning is targeted in 2028.
Our state-of-the-art Deepak R&D Centre (DRDC) at Manjusar, Near Vadodara is expected to drive the next wave of innovation across advanced materials, sustainable chemistry, polymers, petrochemicals, and high-performance specialty chemicals.
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