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Deepak Chem inks pact with Gujarat govt to invest Rs 9,000 cr

by TLAteam February 1, 2024February 1, 2024
written by TLAteam February 1, 2024February 1, 2024
Deepak Chem inks pact with Gujarat govt to invest Rs 9,000 cr

Deepak Chem Tech, a wholly-owned subsidiary of Deepak Nitrite, on Wednesday said it has inked an agreement with the Gujarat government to invest around Rs 9,000 crore to establish projects at Dahej.

Under the memorandum of understanding, the company will invest Rs 9,000 crore to set up units to manufacture chemicals at Dahej, expected to commence operations in 2027, Deepak Chem Tech (formerly Deepak Clean Tech) said in a regulatory filing.

This investment is likely to create about 1,300 direct and indirect employment opportunities, it added.

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