Deepak Phenotics Limited Approves Execution of Binding Term Sheet with Petronet LNG Limited for Offtake of Propylene and Hydrogen

The Board of Directors of Deepak Phenolics Limited, a wholly owned material subsidiary of Deepak Nitrite Limited has approved execution of binding Term Sheet between DPL and Petronet LNG Limited for offtake of 250 KTPA of Propylene and 11 KTPA of Hydrogen from Petronet Petrochemical Project at Dahej, Gujarat for a period of 15 years from the date of first supply of propylene and hydrogen by PLL to DPL. 15 years from the date of first supply of propylene and hydrogen by PLL to DPL. The binding Term Sheet is for offtake of 250 KTPA of Propylene and 11 KTPA of Hydrogen from Petronet PetrochemicaI Project at Dahej, Gujarat for a period of 15 years from the date of first supply of propylene and hydrogen by PLL to DPL.