Deepak Nitrite in South Africa

Deepak Nitrite’s Strategic Expansion and Financial Performance

Vadodara, India – October 10, 2025

Deepak Nitrite Limited, a leading chemical manufacturing company, has recently undertaken significant initiatives to bolster its production capabilities and financial standing.

Expansion of Chemical Manufacturing Facilities

In April 2025, Deepak Chem Tech Limited (DCTL), a wholly-owned subsidiary of Deepak Nitrite, approved the establishment of a new manufacturing complex. This facility is set to produce 300 KTA of Phenol, 185 KTA of Acetone, and 100 KTA of Isopropyl Alcohol (IPA), with an estimated investment of approximately ₹3,500 crore. The project aims to integrate these capacities to produce Polycarbonate Resins, positioning Deepak Nitrite as a leading producer in this segment. (business-standard.com)

Inauguration of Advanced Research & Development Centre

On October 6, 2025, Deepak Nitrite inaugurated its state-of-the-art Deepak Research & Development Centre (DRDC) at Savli, Vadodara. Spanning a 5-acre campus, the facility is equipped with advanced laboratories and pilot plants to support extensive testing and experimentation. This centre underscores the company’s commitment to innovation and the development of new products and technologies. (heraldglobe.com)

Financial Performance and Market Outlook

In the first quarter of the fiscal year 2024-25, Deepak Nitrite reported a consolidated total income of ₹2,202.48 crore, marking a 14.45% increase from the previous quarter. The net profit after tax stood at ₹202.50 crore. Analysts from JM Financial have maintained a ‘Buy’ rating on the company’s stock, setting a target price of ₹2,305, citing expectations of continued growth driven by government incentives and strategic investments. (m.economictimes.com)

Leadership Transition

In July 2023, the company mourned the loss of its founder and chairman, Chimanlal K. Mehta, who passed away at the age of 85. Mehta was instrumental in establishing Deepak Nitrite in 1970 and played a pivotal role in its growth and success. (businesstoday.in)

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Conclusion

Deepak Nitrite’s recent initiatives reflect its strategic focus on expanding production capacities, fostering innovation, and maintaining a strong financial trajectory. These efforts are poised to enhance the company’s position in the global chemical manufacturing industry.