# Deepak Chem Tech to invest Rs50bn in greenfield chemical plants in Gujarat

Deepak Chem Tech, a subsidiary of Deepak Nitrite, plans to invest Rs 50 billion over four years to set up greenfield plants in Dahej and Nandesari, Gujarat, producing specialty chemicals, phenol/acetone, and bisphenol. The MoU was signed with the Gujarat state government on 24 May 2023.

- Type: Investment
- Announced: 2021-11-28
- Where: Dahej and Nandesari, Gujarat, India
- Value: $604.3M (50.0B INR)
- Status: announced
- Products: specialty chemicals, phenol, acetone, bisphenol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Deepak Chem Tech](https://endata.com/companies/59268.md)
- [Deepak Nitrite](https://endata.com/companies/40376.md) (partner)

## Sources

- [icis.com](https://www.icis.com/explore/resources/news/2023/05/25/10889517/india-s-dct-to-invest-rs50bn-in-greenfield-chems-specialty-chems-plants/), 2021-11-28: "India’s Deepak Chem Tech (DCT), a wholly-owned subsidiary of chemicals producer Deepak Nitrite Ltd (DNL) plans to invest Rs 50bn ($604.32) over the next four years to set up plants to produce various chemicals it said in a statement."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.