Deepak Nitrite - Metamorphosis: Dolat Capital Initiates Coverage
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Dolat Capital Report
Deepak Nitrite Ltd.’s metamorphosis began (in 2014) with a mammoth Rs 14.0 billion investment to become the largest phenol-acetone manufacturer in India.
Benefitting from supply challenges in China emanating from steps taken by the Chinese government to thwart pollution, implementation of environmental tax, dual policy control, Deepak Nitrite gained from volume and pricing both in their standalone business.
A commodity chemical manufacturing company thus far, is set to adorn a new identity as the company looks at foraying into complex chemistries like fluorination, photo chlorination and hydrogenation.
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