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| Exchange Disseminated Time | Deepak Nitrite Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 07, 2014 approved to undertake a project for manufacturing Phenol and Acetone with a capital outlay of around Rs. 1,200 crores.
The proposed Phenol Plant will be located at Dahej in the State of Gujarat. The capacity of the Phenol Plant will be 200,000 MTPA and that of co-product Acetone will be 120,000 MTPA.
The said Project is proposed to be funded with a suitable mix of Debt and Equity. The Company is studying various financial options for raising resources. Based on which, the proposed Project may be set up either within the Company or in a Special Purpose Vehicle as its subsidiary. |
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