Deepak Fertilisers and Petrochemicals Corporation plans to set up 1.48 lakh tonnes per annum nitric acid manufacturing facility at Dahej in Gujarat with an investment of Rs. 550 crore. The project is scheduled to be completed by the second half of 2018.
Currently, the company has a manufacturing facility at Taloja in Maharashtra to produce 8.40 lakh tonnes per annum of nitric acid. However, most of acid produced is used for captive purpose with only 1.60 lakh tonnes per annum made available for merchant sale. Sailesh Mehta, Chairman, said the new facility would be the first step to develop a mega multi products site at Dahej which will cater to the growing demand of intermediates and specialty chemical manufacturers in India. The company caters to dyes, defence, agrochemicals, nitro-aromatics and pharma sectors.