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Deepak Nitrite Ltd.

BSE: 506401 | NSE: DEEPAKNTR |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE288B01029 | SECTOR: Chemicals

BSE Live

Jul 29, 09:16
1903.00 2.65 (0.14%)
Volume
AVERAGE VOLUME
5-Day
48,510
10-Day
48,542
30-Day
81,469
925
  • Prev. Close

    1900.35

  • Open Price

    1918.00

  • Bid Price (Qty.)

    1903.00 (1)

  • Offer Price (Qty.)

    1907.95 (1)

NSE Live

Jul 29, 09:16
1907.00 7.00 (0.37%)
Volume
AVERAGE VOLUME
5-Day
657,629
10-Day
719,050
30-Day
1,101,984
13,097
  • Prev. Close

    1900.00

  • Open Price

    1906.80

  • Bid Price (Qty.)

    1905.50 (20)

  • Offer Price (Qty.)

    1907.60 (56)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Chairman's Speech

Chairmans speech The financial year 2006-07 for DNL was quite eventful and challenging. I am grateful to the shareholders for their trust and support shown by the way of subscription of rights issue. The funds raised were used for acquisition of diamino stilbene disulphonic acid (DASDA) business of Vasant Chemicals Limited. The Rs 55 crore acquisition will enable DNL to move up the value chain in its nitro toluene business as well as to expand its international market presence. This is one of the most significant acquisitions and will undeniably enhance shareholder value. The acquired business has been named as Hyderabad Specialities Division - DNL, and we will introduce newer technologies there to add value and improve return on assets. The company is expanding its horizons by de-bottlenecking its operations and putting up one more multi-purpose nitration stream at Vadodara. This shall enhance the total capacity of nitration to 45,000 tonnes. Newer fine chemicals for pharma are also being planned at Vadodara and Roha. We have also set up a multi-purpose pilot plant at Roha to develop a wide range of fine chemicals. During the year we have successfully implemented Enterprise Resource Planning software which would be instrumental in better and faster decision making. While we have made significant strides towards a better future, the price-driven competition from China has been at its worst. Though we have been able to retain or increase our market share, the profitability has suffered. On the positive note, the prices seem to have bottomed out and have started inching upwards. In order to improve our long-term competitive position, we have conducted a detailed scrutiny of all our business processes from efficiency viewpoint. We have taken a range of targeted measures to raise efficiency and reduce cost. Hence a combination of improved external environment and internal measures to boost efficiency should augur well for the future. I wish to place on record my appreciation of the commitment and hard work of all our employees. I am also grateful for continued support of my colleagues, our customers and business associates and above all the shareholders and members of the Board.