Deepak Nitrite is reportedly eyeing to achieve $1 billion turnover in the next three to four years. The company is targeting the same with its upcoming Rs 1,400 crore phenol-acetone facility at Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) in Dahej, Gujarat. Moreover, the company will explore more downstream products from phenol.
Gujarat-headquartered Deepak Nitrite manufactures Bulk Chemicals & Commodities, Fine & Speciality Chemicals and Fluorescent Whitening Agents. The company has manufacturing facilities at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra, and at Hyderabad in Andhra Pradesh.