Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Deepak Fertilisers and Petrochemicals Corporation Ltd. ( (IN:DEEPAKFERT) ) has provided an announcement.
Deepak Fertilisers and Petrochemicals Corporation Ltd. announced a revision in the estimated cost of its Technical Ammonium Nitrate Project in Gopalpur to ₹2,675 Crores, up from the previous estimate of ₹2,223 Crores. The increase is attributed to geopolitical issues, material and manpower cost hikes, currency fluctuations, and additional investments in safety and infrastructure improvements. Despite the cost escalation, the company remains confident in the project’s financial viability and its alignment with strategic growth objectives, expecting it to generate significant long-term value for stakeholders.
More about Deepak Fertilisers and Petrochemicals Corporation Ltd.
Deepak Fertilisers and Petrochemicals Corporation Ltd. operates in the chemical industry, primarily focusing on the production of fertilizers and petrochemicals. The company is known for its involvement in manufacturing products such as Technical Ammonium Nitrate, which is used in various industrial applications.
Average Trading Volume: 29,611
Technical Sentiment Signal: Buy
Current Market Cap: 194B INR
For a thorough assessment of DEEPAKFERT stock, go to TipRanks’ Stock Analysis page.