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Deepak Nitrite issues Commercial Papers

28 May 2014 Evaluate

Deepak Nitrite has issued Commercial Papers (CP) for Rs 20 crores value dated May 28, 2014. This has been subscribed by HDFC Bank with maturity date as August 26, 2014. The aforesaid issuance of CP is to fund working capital requirement of the Company.

Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals and a world leader in 2.4 and 2.6 Xylidine. The company, which has nearly doubled its revenues in FY14 to Rs 1,271 crore from Rs 661 crore in FY11, is aiming for a turnover of Rs 2,000 crore in FY16. Recently, the company has commissioned balance capacities of Optical Brightening Agent (OBA) after completion of successful trial runs of production at its new greenfield plant at Dahej district Bharuch in the Gujarat.

Deepak Nitrite Share Price

1538.00 2.95 (0.19%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
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