Deepak Fertilisers Approves Closure Of Methanol Plant, Reports Q3 Results

Deepak Fertilisers and Petrochemicals Corporation Ltd, a leading industrial chemicals and fertilisers producer, announced its decision to close and dismantle its 300 tonnes per day methanol plant. The move is part of a strategic restructuring aimed at optimizing operations and focusing on higher-value segments. Alongside this development, the company reported its December quarter financial results, showcasing resilience in revenue and profitability.  

Key highlights from the announcement include  

• Approval for closure and dismantling of 300 TPD methanol plant.  
• Consolidated revenue from operations stood at Rs 28.3 billion in Q3.  
• Net profit reported at Rs 1.41 billion.  
• Decision reflects strategic focus on efficiency and portfolio optimization.  
• Company continues to strengthen its position in fertilisers and petrochemicals.  
• Analysts view the closure as a step toward long-term operational realignment.  

Industry experts note that while the closure marks a significant shift, Deepak Fertilisers’ strong quarterly performance underscores its ability to adapt and sustain profitability. The company remains focused on innovation, efficiency, and market expansion to deliver long-term value.  

Sources: Reuters, Economic Times, Business Standard