Deepak Nitrite Ltd. is an Indian chemical manufacturing company. Its manufacturing facilities are located at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra and Hyderabad in Telangana.[1] The company produces a spectrum of chemicals, including Agrochemicals, Colourants, Rubber, Pharmaceuticals, Speciality & Fine chemicals.[2] Deepak Mehta is the chairman of the company and his son Maulik Mehta is the CEO.[3]
History
The founder of the company Chimanlal Khimchand Mehta(father of Deepak Mehta) was the known chemical trader. The company was incorporated in March 1970.[4]
Sodium Nitrite & 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.[2][5]
The company held its Initial public offering (IPO) in 1971.[5] The IPO oversubscribed by 20 times.
In 1984 company acquire Sahyadri Dyestuffs & Chemicals unit from Mafatlal Industries.[6]
Company established Hydrogenation Plant at Taloja, Maharashtra in 1995.[7]
The company acquired management and control of Aryan Pesticides Limited, Roha and DASDA Division of Vasant Chemicals, Telangana in 2003 and 2007 respectively.[8][9]
In 2015, The company promoted Deepak Phenolics Limited for manufacturing of Phenol & Acetone at Dahej, Gujarat.[10]
See also
References
- ↑ Deepak Nitrite Ltd.. Business Standard India. Retrieved 2021-03-01.
- ↑ 2.0 2.1 Deepak Nitrite: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Deepak Nitrite - NDTV. www.ndtv.com. Retrieved 2021-03-06.
- ↑ Deepak Mehta. Forbes. Retrieved 2021-04-27.
- ↑ Deepak Nitrite. Forbes. Retrieved 2021-04-27.
- ↑ 5.0 5.1 Deepak Nitrite History | Deepak Nitrite Information - The Economic Times. economictimes.indiatimes.com. Retrieved 2021-04-20.
- ↑ Deepak Nitrite. Bombay Stock Exchange. Retrieved 2021-04-27.
- ↑ Deepak NItrite. Retrieved 2021-04-27.
- ↑ Deepak Nitrite Takes Control Of Aryan Pesticides. Business Standard India(2002-09-06). Retrieved 2021-04-27.
- ↑ Deepak Nitrite buys Vasant Chem's DASDA biz. Business Standard India(2006-08-25). Retrieved 2021-04-27.
- ↑ Deepak Nitrite Ltd.. Business Standard India. Retrieved 2021-04-27.