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Deepak Fertilizers & Petrochemicals Corp provides operations update

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Capital Market

Amid COVID-19

Deepak Fertilizers & Petrochemicals Corp announced that the company was forced to stop production in its Fertiliser Unit [ANP and NPK] for last 2 days due to evacuation problems arising out of non-availability of transport and manpower for evacuation of finished goods from the plant. The Company has all the approvals in place to continue production of this essential commodity to be able to supply it to farmers but due to complete lock down, it has become impossible to continue production.

Further, the Company due to force-majeure conditions, has not been able to utilise gas for production of fertilisers. The Company would be taking all the measures to resume production with the help of local administration and will inform as and when production of Fertiliser Unit is resumed.

 

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First Published: Mar 28 2020 | 12:15 PM IST

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