Deepak Fertilizer will set up a greenfield nitric acid project in Dahej, Gujarat. The setting up cost is going to be around Rs 550 crore. It will be operational from the first half of next fiscal. A third of the funding will come from internal accruals while the rest will come from borrowing, says Vipin Agarwal, President and Chief Financial Officer, Deepak Fertilizer. The company's total debt in the books in Rs 1500 crore.Watch video for more.
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