Deepak Nitrite rose 2.44% to Rs 443.65 after it commenced production of 2 Ethyl Hexyl Nitrate (2EHN) at its Nandesari facility effective 6 April 2020, after receiving approval from Vadodara District Industries Commissionerate.
The announcement was made after market hours yesterday.
In view of requirement of 2EHN by petroleum refineries to ensure continued supply of diesel oil during lockdown due to COVID-19, the company had applied to the concerned authorities for granting permission to manufacture 2EHN.
Accordingly, the Vadodara District Industries Commissionerate vide their letter dated 31 March 2020 granted permission to the Company to commence production of 2EHN at its manufacturing facility situated at Nandesari.
Amongst other products, Deepak Nitrite is also in the manufacturing of 2EHN which finds application and is one of the essential raw materials / additives used in refining process of diesel oil produced by various refineries.
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The company had on 25 March 2020 informed about the temporary suspension of operations at its manufacturing units situated at Nandesari, Gujarat.
Deepak Nitrite manufactures chemicals and fertilizers. The company's products include sodium nitrite/nitrate, nitric acid, ammonium nitrate, and hydroxylamine sulphate. The chemical maker's other two divisions manufacture dyes & dyestuffs and nitro aromatics.
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