Indian chemical manufacturer
Deepak Nitrite Ltd Company type
Public
ISIN INE288B01029 Industry
Chemicals Founded 1970; 54 years ago (1970 ) Founder Chimanlal Khimchand Mehta
[1] Headquarters , India
Key people
Products Revenue ₹ 8,019 crore (US$960 million) (FY23)
[3] ₹ 852 crore (US$100 million) (FY23)
[3]
Total assets ₹ 3,208 crore (US$380 million) (2020)
[4]
Subsidiaries Deepak Phenolics Website
www .godeepak .com
Deepak Nitrite Ltd. is an Indian
chemical manufacturing company. The company’s manufacturing facilities are located at
Nandesari and
Dahej in
Gujarat ,
Roha and Taloja in
Maharashtra and
Hyderabad in
Telangana .
[5] Deepak Nitrite produces a spectrum of chemicals, including
agrochemicals ,
colourants ,
rubber ,
pharmaceuticals ,
speciality and
fine chemicals .
[6] Deepak Mehta is the
chairman of the company and his son Maulik Mehta is the
chief executive officer .
[7]
History
The founder of the company Chimanlal Khimchand Mehta (father of Deepak Mehta) was the known chemical trader in
Jain family of Gujarat. The company was incorporated in March 1970.
[1]
Sodium nitrite and nitrate plants were commissioned at
Nadesari ,
Vadodara ,
Gujarat and production started in 1972. The plant produces chemicals like
sodium nitrite ,
sodium nitrate and other allied chemicals, dyes, hexamethylene tetramine and dyes intermediates.
[6]
[8]
The company held its
Initial public offering (IPO) in 1971.
[8] The IPO oversubscribed by 20 times.
In 1984 company acquire Sahyadri Dyestuffs & Chemicals unit from Mafatlal Industries .
[9]
Company established Hydrogenation Plant at Taloja,
Maharashtra in 1995.
[10]
The company acquired management and control of Aryan Pesticides Limited,
Roha and DASDA Division of Vasant Chemicals,
Telangana in 2003 and 2007 respectively.
[11]
[12]
In 2015, The company promoted Deepak Phenolics Limited for the manufacturing of
phenol &
acetone at
Dahej ,
Gujarat .
[13] Deepak Phenolics is a subsidiary of Deepak Nitrate.
[14] Deepak Phenolics manufactures pharmaceutical grade
isopropyl alcohol (IPA) and acetone.
[15]
[16] The company is also planning on producing downstream products of phenol and acetone.
[17]
In 2021, Deepak Mehta stated that the company also has
hydrogenation capabilities, and are also looking to add fluorination to their chemical offerings.
[18]
See also
References
^
a
b
c
d
"Deepak Nitrite" . Forbes .
Archived from the original on 27 April 2021. Retrieved 27 April 2021 .
^ Ministry of Environment,Forest and Climate Change Government of India.
"Deepak nitrite" (PDF) .
Archived (PDF) from the original on 27 April 2021. Retrieved 27 April 2021 .
^
a
b
"Deepak Nitrite Ltd posts QoQ increase in Q4FY23 Consolidated net profit to Rs. 233.86 crores" . EquityBulls . 11 May 2023. Retrieved 6 July 2023 .
^
"Deepak Nitrite Share Price, Deepak Nitrite Stock Price, Deepak Nitrite Ltd. Stock Price, Share Price, Live BSE/NSE, Deepak Nitrite Ltd. Bids Offers. Buy/Sell Deepak Nitrite Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes" . www.moneycontrol.com . Retrieved 1 March 2021 .
^
"Deepak Nitrite Ltd" . Business Standard India .
Archived from the original on 1 March 2021. Retrieved 1 March 2021 .
^
a
b
"Deepak Nitrite: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Deepak Nitrite - NDTV" . www.ndtv.com .
Archived from the original on 27 August 2019. Retrieved 6 March 2021 .
^
"Deepak Mehta" . Forbes .
Archived from the original on 27 April 2021. Retrieved 27 April 2021 .
^
a
b
"Deepak Nitrite History | Deepak Nitrite Information - The Economic Times" . economictimes.indiatimes.com .
Archived from the original on 20 April 2021. Retrieved 20 April 2021 .
^
"Deepak Nitrite" (PDF) . Bombay Stock Exchange .
Archived (PDF) from the original on 27 April 2021. Retrieved 27 April 2021 .
^
"Deepak NItrite" (PDF) .
Archived (PDF) from the original on 27 April 2021. Retrieved 27 April 2021 .
^ STANDARD, BUSINESS (6 September 2002).
"Deepak Nitrite Takes Control Of Aryan Pesticides" . Business Standard India . Retrieved 27 April 2021 .
^ Bureau, Our Regional (25 August 2006).
"Deepak Nitrite buys Vasant Chem's DASDA biz" . Business Standard India . Archived from
the original on 27 April 2021. Retrieved 27 April 2021 .
^
"Deepak Nitrite Ltd" . Business Standard India . Retrieved 27 April 2021 .
^ Press Trust of India (23 April 2020).
"Deepak Nitrite Subsidiary Deepak Phenolics Commences Commercial Production of IPA Used in Pharmaceuticals and Manufacturing of Sanitizers" . Business Standard India . Retrieved 25 July 2022 .
^ Deepak Nitrite Limited (11 August 2020).
"Deepak Nitrite reports a resilient performance amidst CoVID-19 uncertainties" . PR Newswire . Retrieved 25 July 2022 .
^ Jauhari, Ujjval (25 August 2021).
"Deepak Nitrite sees improved prospects driven by phenolics" . mint . Retrieved 25 July 2022 .
^ Deepak Nitrite Limited (3 August 2021).
"Deepak Nitrite Limited's PAT rises to 206% on a Y-o-Y basis" . PR Newswire . Retrieved 25 July 2022 .
^ ET Now (4 August 2021).
"Aim to be most competitive player in chemical sector: Deepak Nitrite" . The Economic Times . Retrieved 3 May 2022 .
External links