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 build a HyCO plant. This facility aims to secure a consistent supply of key raw materials for DCTL’s upcoming polycarbonate manufacturing facility at Padariya, Dahej, in Gujarat.
Under this agreement, Praxair India will be responsible for building, owning, and operating a dedicated on-site facility to supply essential feedstocks for polycarbonate production. This arrangement ensures a reliable, long-term supply of critical inputs for the project.
The collaboration combines DCTL’s downstream materials platform with Praxair India’s expertise in industrial gas infrastructure and operations. The on-site model is expected to enhance consistent availability and operational efficiency, allowing DCTL to concentrate on its core competencies.
DCTL’s integrated polycarbonate facility is set to play a significant role in the domestic production of high-performance materials. These materials serve several high-growth sectors in India, including automotive, electrical and electronics, construction, and consumer applications. The integrated supply arrangement with Praxair India is structured to support product quality, scalability, and supply chain resilience as the project progresses.
Meghav Mehta, Executive Director and CEO of Deepak Chem Tech Limited, stated, “This agreement marks an important step in advancing our polycarbonate project. A long-term arrangement of critical raw material supply through a dedicated on-site solution enhances execution visibility, supports efficient project delivery, and creates value for our customers. We are pleased to partner with Praxair India, whose global expertise and wide capabilities align well with the requirements of this project.”
The on-site facility is expected to be commissioned in 2028, aligning with the timeline for Deepak Chem Tech Limited’s polycarbonate plant.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).