Deepak Nitrite Stock Surges on Rs 2,500 Cr Bisphenol A Project

Deepak Nitrite shares climbed 3.40% to Rs. 1774.00 on the BSE today following its wholly owned subsidiary, Deepak Chem Tech (DCTL), receiving board approval for a significant Bisphenol A (BPA) manufacturing project. The scrip opened at Rs. 1846.70, marking a notable increase from its previous closing price of Rs. 1715.60.

Market Performance Highlights

• Deepak Nitrite closed at Rs. 1715.60 on the BSE prior to today’s trading.
• The stock opened at Rs. 1846.70 and reached an intraday high of Rs. 1850.00.
• An intraday low of Rs. 1758.00 was recorded, with 104864 shares traded.
• The 52-week high stands at Rs. 1904.50 on 24-Sep-2025, and the 52-week low at Rs. 1280.40 on 30-Mar-2026.
• The company’s current market capitalization stands at Rs. 24414.35 crore.

Deepak Chem Tech’s Board of Directors has approved an investment of approximately Rs. 2,500 crore to establish a Bisphenol A (BPA) manufacturing facility. This substantial investment will be finalized after the completion of detailed engineering phases.

Bisphenol A Project Details

• Project for the manufacture of Bisphenol A (BPA).
• Capacity up to 240 KTA, including greenfield infrastructure.
• Initial investment approved around Rs. 2,500 crore, subject to detailed engineering.
• Funding will utilize an appropriate mix of debt and equity.

This new BPA facility is poised to significantly enhance Deepak Nitrite’s integrated manufacturing capabilities, creating a comprehensive value chain from Cumene to Phenol & Acetone, BPA, and Polycarbonate resin. The project aims to meet captive requirements for polycarbonate resin manufacturing.

Strategic Outlook

• Establishes a highly integrated manufacturing platform spanning Cumene to Polycarbonate resin.
• Fulfills captive demand for manufacturing Polycarbonate resins.
• Allows the company to engage in India’s expanding market for Bisphenol A, crucial for Epoxy resins.

The DCTL Board had previously sanctioned India’s inaugural Polycarbonate resin manufacturing plant, leveraging Trinseo technology, alongside an asset acquisition and a Phenol & Acetone manufacturing plant. Deepak Nitrite is recognized as a prominent manufacturer of a diverse range of organic, inorganic, fine, and specialty chemicals.

Shareholding Structure

• Promoters: 49.34%
• Institutions: 30.01%
• Non-Institutions: 20.66%