Deepak Nitrite forms new subsidiary
Chemical

Deepak Nitrite forms new subsidiary

The new subsidiary has been formed on 9th October and shall carry out business in the field of manufacture of chemical intermediate products.

  • By ICN Bureau | October 12, 2020
Deepak Nitrite Ltd has incorporated a wholly owned subsidiary company named Deepak Clean Tech Limited (DCTL) with effect from 9th October, 2020.
 
DCTL shall carry out business in the field of manufacture of chemical intermediate products.
 
The parent company, Deepak Nitrite is acknowledged as a major manufacturer of chemical intermediates in India. It has a diversified portfolio of intermediates that cater to the dyes and pigments, agrochemical, pharmaceutical, plastics, textiles, paper and home and personal care segments in India and overseas.
 
Its products are manufactured across five locations, which are all accredited by Responsible Care. 
 
Company's consolidated turnover for FY20 grew by 57% whereby revenues stood at Rs. 4,265 crore as against Rs. 2715 crore in FY19.

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