Deepak Novochem Invests ₹100 Cr in Maharashtra Facility

Deepak Novochem Specialities Ltd. has announced a major investment of ₹100 crore to establish a new facility for the production of cresols and xylenols in Chiplun, Ratnagiri, Maharashtra. This ambitious project aims to enhance the company’s capacity in producing these key specialty chemicals.

The new plant will have an annual production capacity of 40,000 tonnes, significantly boosting Deepak Novochem’s output in the cresols and xylenols segment. These chemicals are crucial for various industrial applications, including the manufacturing of pharmaceuticals, agrochemicals, and plastics.

Construction is set to begin shortly, with the facility designed to incorporate advanced technology and eco-friendly practices. The project will leverage cutting-edge processes to ensure high efficiency and minimal environmental impact.

In addition to expanding production capabilities, the new plant will create numerous job opportunities in the region, contributing to local economic growth. Deepak Novochem’s investment underscores its commitment to strengthening its position in the global chemical market.

This development aligns with Deepak Novochem’s strategic focus on enhancing its product portfolio and scaling up production to meet increasing market demand for specialty chemicals.

News by Rahul Yelligetti