DEEPAKNTR

DEEPAK NITRITE : WOS DEEPAK CHEM TECH SIGNS LONG-TERM HYCO PLANT AGREEMENT WITH PRAXAIR INDIA FOR POLYCARBONATE PROJECT 🏭⚗️ • 🤝 Deepak Chem Tech Limited (DCTL) — WOS of Deepak Nitrite Ltd. (NSE: DEEPAKNTR) — enters into long-term agreement with Praxair India (a Linde company) to build a dedicated HyCO plant for its upcoming Polycarbonate manufacturing facility at Padariya, Dahej, Gujarat — dated April 30, 2026 • 🏗️ Under the agreement, Praxair India will build, own & operate a dedicated on-site facility to supply key feedstocks (Hydrogen & Carbon Monoxide) for polycarbonate production — ensuring reliable long-term raw material supply • 🎯 On-site model designed to support consistent availability, operational efficiency & supply chain resilience — allowing DCTL to focus on its core downstream manufacturing expertise • 🚗 DCTL's Polycarbonate facility targets high-growth segments: Automotive, Electrical & Electronics, Construction & Consumer Applications in India • 📅 On-site HyCO facility expected to be commissioned in 2028 — in line with DCTL's Polycarbonate plant commissioning timeline 🟢 Impact: Positive (Critical raw material supply secured via dedicated on-site infrastructure — significantly de-risks execution of DCTL's marquee Polycarbonate project & enhances long-term project visibility)