Friday, Dec 5:
Shares of Deepak Nitrite Ltd traded higher at ₹1,555.80, up 1.43%, after the company announced that its wholly-owned subsidiary Deepak Chem Tech Limited has commenced operations at its new Nitric Acid Plant in Nandesari, Gujarat.
The project, developed with a capital expenditure of approximately ₹515 crores, represents a major milestone in Deepak Group’s long-term vertical integration strategy. The new facility is expected to strengthen the company’s position across the chemical value chain, enhancing both backward and forward integration.
Key Highlights
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Investment: ₹515 crores
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Subsidiary: Deepak Chem Tech Limited
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Location: Nandesari, Gujarat
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Product: Nitric Acid
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Strategic Role: Strengthens integration and supports high-value applications
Strategic Impact
The new Nitric Acid unit will improve supply chain security for critical intermediates and support the company’s expansion into higher-value chemical applications. This move also aligns with Deepak Nitrite’s broader ambition to create a fully integrated chemical platform—from Ammonia to Amines—allowing the group to optimise costs, improve efficiency, and enhance long-term competitiveness.
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