Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange regarding 'Intimation with respect to approval of the Board for permanent closure and dismantling of 300 TPD Methanol Plant'.
DEEPAKFERT · price
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The company's Board has approved the permanent closure and dismantling of its 300 Tonnes Per Day (TPD) Methanol Plant. This is a strategic decision, not a temporary or regulatory shutdown. The company will likely recover value from the dismantled plant and machinery. The move signals that the methanol production line was no longer economically viable for the company. No further details on associated costs or timeline were provided in this intimation.
This likely frees the company from an unprofitable operation, which could improve margins going forward. Shareholders should look for clarity on whether the closure will trigger any one-time charges and how the freed-up capital or assets may be redeployed.