Deepak Fertilisers & Petrochemicals lines up $160 mn capex with IFC backing

The project is expected to help climate change mitigation efforts by a net reduction of GHG emissions

Deepak Fertilisers and Petrochemicals Corporation is planning to invest up to $160 million in capital expenditure. The investment will be backed by a $60 million investment package from the International Finance Corporation (IFC). 

The project will help the company ramp up the production and distribution of specialty fertilisers in India. The project will also allow Deepak to increase its IPA production capacity in India by 100,000 million tonnes per annum (MTPA). 

Through a mix of quasi-equity instruments, IFC will assist Deepak Fertilisers on a greenhouse gas (GHG) reduction plan and the establishment of N2O catalyst conversion devices and the formulation