Deepak Fertilizers & Petrochemicals Corporation has received an approval to raise funds through issue of Non-Convertible Debentures (NCDs) aggregating Rs 500 crore on private placement basis or raising term loan aggregating Rs 500 crore from banks/ financial institutions.
The Board of Directors of the company at its meeting held on November 13, 2018 has approved the same.
Deepak Fertilisers & Petrochemicals Corporation business can be broadly categorized into Chemicals, Agribusiness and Specialty Retailing. The company’s chemical division manufactures Methanol, various grades of Nitric Acid and Ammonia.