Deepak Nitrite has received directions from Gujarat Pollution Control Board (GPCB) revoking the closure order for three months and permitted the company to start manufacturing activities at the entire plant except affected parts of Nitrite section. On 2 June 2022, fire broke out at Deepak Nitrites Nandesari plant with series of explosion. Following the incident, the Gujarat government issued a closure notice to the companys Nandesari plant, till it follows compliances related to plant and building safety. Deepak Nitrite manufactures intermediates and speciality chemicals besides performance products and phenol. The chemical maker reported 7.9% decline in consolidated net profit to Rs 267.21 crore despite a 28% rise in net sales to Rs 1872.35 crore in Q4 FY22 over Q4 FY21. Shares of Deepak Nitrite rose 0.42% to Rs 1818 on the BSE. Powered by Capital Market – Live News
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