Deepak Nitrite achieves 80% capacity utilization at phenol, acetone plant

The Rs 1,400 crore petrochemical plant at Dahej could result in $400 million imports savings for the country

BSE listed Deepak Nitrite, which was commissioned in and has been operating since Q4FY19, through its wholly-owned subsidiary Deepak Phenolics (DPL), has achieved an average capacity utilization of 80 per cent and a peak of 100 per cent at its new phenol and acetone plant. 

The plant, nearly eight times larger than all existing facilities, has the capacity to manufacture 200,000 MTPA of phenol and 120,000 MTPA of its co-product acetone. The plant can also manufacture 260,000 MT of cumene as captive consumption.

The project, with a capital investment of Rs 1,400 crore, has been successfully commissioned and operating since last quarter.