- Corporate Overview
- Corporate Information
- Approach to Reporting
- Introduction to the Theme
- About Deepak Group
- Manufacturing Prowess
- Highlights of the Year
- Performance Review
- Message from Chairman and Managing Director
- Message from Executive Director & CEO-DNL
- Message from Executive Director & CEO-DCTL
- Message from Executive Director & CEO-DPL
- Performance Scorecard
- Investment Case
- Operating Context
- Our Expansion Initiatives
- Corporate Information
- Creating Value
- Statutory Reports
- Financial Statements
BUILDING A STATE-OF-THE-ART POLYCARBONATE (PC) RESIN FACILITY AT DAHEJ, GUJARAT
Our strategic venture into the polycarbonate resin segment – a product category where India remains entirely dependent on imports marks a major milestone in DNL’s growth journey. With domestic demand of Polycarbonate (PC) resins and PC compounds estimated at approximately 4,00,000 MTPA and growing faster than GDP, polycarbonate resins present a significant opportunity.
During the year, Deepak Chem Tech Limited (DCTL), our Wholly Owned Subsidiary, committed an investment of ₹ 5,000 Crores to establish a world-class, fully integrated polycarbonate resin manufacturing facility at Dahej, Gujarat, with expected commencement slated by FY 2027-28. This investment includes greenfield infrastructure, capital expenditure, and technology tie-ups.
Further, DCTL has inked a technology partnership with affiliates of Trinseo PLC, acquiring proprietary technology, CALIBRE™ trademark for Polycarbonate resins and relevant manufacturing assets from Trinseo’s facility in Stade, Germany, for the production of PC resins. Once operational, the plant will have an initial annual capacity of 1,65,000 metric tonnes of PC resin, with downstream applications across high-growth sectors such as construction, mobility, electronics, medical devices, aerospace, packaging, consumer goods, and emerging sunrise industries like EV batteries.
Complementing this, the Board of DCTL has also approved an investment of around ₹ 3,500 Crores for manufacturing 300 KTA of Phenol, 185 KTA of Acetone, and 100 KTA of Isopropyl Alcohol (IPA), including greenfield infrastructure capex, which will be integrated into the production of polycarbonate resins. This brings the total investment commitment for the polycarbonate chain to ₹ 8,500 Crores, establishing Deepak as one of the world’s largest single-location producers of Phenol and Acetone, with over half the production converted into high-margin downstream derivatives. This massive project is expected to create enormous opportunities and reduce India’s imports of these products.
ADVANCING OTHER PROJECTS
Alongside our major expansion into polycarbonate resins, we are advancing a diverse pipeline of projects while strengthening our R&D prowess with a cutting-edge facility near Vadodara. These investments will deepen our technological capabilities, broaden our product portfolio, and sharpen our competitive edge, enabling us to accelerate our growth trajectory. Our strategy focuses on expanding into high-value downstream products through forward integration, while also exploring backward integration to secure raw material availability.
Strengthening Downstream Integration with MIBK/MIBC
Following the successful debottlenecking of our Phenol facility, which has enhanced phenol production capacity, work on our MIBK and MIBC plants is progressing as planned. These units, expected to be commissioned in H2 of FY 2025-26, will allow us to forward integrate into high-value downstream products.
Backward Integration with Nitric Acid
Our Nitric Acid Unit project has achieved significant milestones, with commissioning expected in Q2 of FY 2025-26. This upstream investment is vital to our growth strategy, securing raw material availability and supporting further expansion.
We have also forayed into new chemistry platforms such as photochlorination and Fluorination, among others. These technologies will not only broaden our product range but also fortify our backward integration capabilities by reducing dependence on external supply chains. The commissioning of these advanced chemistry blocks will commence in a phased manner starting from H2 of FY 2025-26.
Accelerating Innovation with our New R&D Centre
Our upcoming state-of-the-art Research & Development Centre in Savli, Vadodara, is scheduled for commissioning in Q2 of FY 2025-26. This cutting-edge facility will house advanced laboratories, pilot plants, and a dedicated team of scientists and technical experts. It will serve as a hub for developing new chemistries, sustainable processes, and environmentally responsible solutions, reinforcing our commitment to innovation-led growth and contributing to the advancement of India’s speciality chemicals sector.
