Deepak Nitrite Ltd has commissioned its new nitric acid plant in Gujarat through its Chem Tech division, with a capital expenditure of approximately ₹5.15 billion. This strategic investment strengthens the company’s chemical manufacturing footprint, enhances supply chain resilience, and positions it to meet rising domestic and global demand.
Deepak Nitrite Ltd, one of India’s leading chemical manufacturers, has announced the commencement of operations at its newly built nitric acid plant in Gujarat. The project, executed by its subsidiary Deepak Chem Tech, represents a significant milestone in the company’s expansion strategy.
Key Highlights
• Strategic Investment: The plant was established with a capital expenditure of about ₹5.15 billion, underscoring Deepak Nitrite’s commitment to long-term growth.
• Operational Launch: Chem Tech has successfully started operations, marking a new phase in the company’s production capabilities.
• Market Impact: The facility is expected to strengthen supply chains and reduce reliance on imports, catering to both domestic and international markets.
• Growth Outlook: With rising demand for nitric acid in pharmaceuticals, agrochemicals, and specialty chemicals, the plant positions Deepak Nitrite to capture new opportunities.
• Regional Advantage: Located in Gujarat, a hub for India’s chemical industry, the plant benefits from proximity to raw materials and logistics infrastructure.
This development highlights Deepak Nitrite’s proactive approach to capacity expansion and its role in supporting India’s chemical sector growth.
Sources: Telangana NavaNirmana Sena