Deepak Nitrite Limited announced today, February 6, 2025, that its wholly owned subsidiary, Deepak Phenolics Limited (DPL), has signed definitive agreements with Petronet LNG Limited (PLL).
The agreements outline the supply of 250 KTPA of Propytene and 11 KTPA of Hydrogen from PLL to DPL. The period of supply under the agreements is 15 years from the date of the first supply of propylene and hydrogen by PLL to DPL. This strategic partnership underscores DPL’s commitment to bolstering its operations and securing long-term supply for its manufacturing processes.
In the exchange filling, the company shared, “DPL and PLL have, today i.e. on 6’n February, 2025, executed the definitive Agreements for suppty of 250 KTPA of Propytene and 1 1 KTPA of Hydrogen by PLL to DPL. The period of suppty under the Agreements is 15 years from the date of first supply of propylene and hydrogen by PLL to DPL.”
In the meantime, Deepak Nitrite shares closed today at ₹2,378.60, with an opening price of ₹2,351.55. The stock reached a high of ₹2,391.90 and a low of ₹2,345.65. Over the past 52 weeks, the stock has seen a high of ₹3,169.00 and a low of ₹2,021.00.
