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Deepak Nitrite Ltd

BSE: 506401 | NSE: DEEPAKNTR ISIN: INE288B01029
Market Cap: [Rs.Cr.] 740.65 Face Value: [Rs.] 2
Industry: Chemicals

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Company Profile

Deepak Nitrite Limited is an India-based company. The Company is a manufacturer of organic, inorganic, fine and specialty chemicals, and is a business partner of chemical worldwide in pharmaceutical, agro, rubber, colorants and imaging chemicals. It also manufactures of xylidines and cumedines. The company has four manufacturing facilities at different locations in the western part of India -one at Nandesari in Gujarat and three at Pune, Taloja and Roha in Maharashtra. The company was incorporated in the year 1970. The Company operates in three business segments: organic intermediates, inorganic intermediates, and fine and specialty chemicals. The Organic Intermediates segment consists of nitro aromatic plants and also multi-purpose aromatic amines plant based on catalytic hydrogenation technology. The Fine and Specialty Chemical segment produces a range of effect chemicals for the needs of speciality producers. These include colour intermediates for optical brighteners. During the year the 1984-1985, the company started to manufactured 3000 TPA concentrated nitric acid and in the same year the company commissioned its hexamine plant. During the year, the company acquired 31 acres of land in village Kareli in District Bharuch. During the year 1986-1987, the company started the production of new items namely, Guanidine Nitrate and Hydroxylamine Sulphate. During the year the 1987-89, the company commissioned of the second CAN plant. During the year 1994-1995, the company successfully achieved rated capacity utilization for the whole year the Nitroaromatic plant's capacity being enhanced in a phased manner and in the same year the company developed a new hydrogenation plant being set up at Taloja. During the year 1995-1996, the company's Sahyadri Dyestuffs & Chemical Division developed new product for exclusive customers in Europe and USA. During the year 1996-1997, the company's Taloja Chemical division established the plant for Hydrogenation of Nitromatics at Taloja and started commercial production of Toluidines. During the year 1999-2000, the company acquired 68.76 % equity capital of Aryan Pesticides Ltd (APL). In the same year, the company increased installed capacity of Nitro Aromatics from 16,500 MTS to 19,000 MTS. During the year 2000-2001, the company's Taloja Chemical division commissioned the second stream of hydrogenation thereby giving an additional capacity. Also, the company increased the installed capacity of Aromatics Amines from 4500 MTS to 6,600 MTS. During the year 2003-2004, Aryan Pesticides Ltd amalgamated with Deepak Nitrite Limited with effect from 31 March 2004. During the year 2004-2005, the company increased installed capacity of Inorganic Salts from 36,100 MTS to 36,430 MTS, Nitro Aromatics from 20,000 MTS to 24,000 MTS and Aromatics Amines from 6,600 MTS to 9,600MTS. During the year 2006-2007, the company increased the installed capacity of Nitro Aromatics from 24,000 MTS to 35,200 MTS and in the same year, the company acquired the DASDA business of Vasant Chemical Limited, with effect from 1 August 2006 on a going concern basis, for a consideration of Rs. 55 crores.

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Key Information

Key Executives:

C K Mehta , Chairman

A C Mehta , Managing Director

D C Mehta , Vice Chairman & M.D.

Nimesh Kampani , Director

Company Head Office / Quarters:

9/10 Kunj Society,
Phone : Gujarat-91-265-2351013/2334481 / Gujarat-
Fax : Gujarat-91-265-2330994 / Gujarat-
E-mail : investor@deepaknitrite.com
Web : http://www.deepaknitrite.com


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