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Deepak Fertilisers jumps 22% in two days on expansion, fund raising plan

The stock moved higher by 12 per cent to Rs 156 on the BSE after the company announced the commercial production of nitric acid complex at Dahej, Gujarat.

Fertiliser self-sufficiency a distant goal

Shares of Deepak Fertilisers & Petrochemicals Corporation rose 8 per cent to Rs 169 on Thursday, gaining 22 per cent in two trading days on the BSE after the company announced the commercial production of nitric acid complex at Dahej, Gujarat. The new facility, with project cost of approximately Rs 550 crore, has production capacity of around 92 KTPA for concentrated nitric acid (CNA) and around 149 KTPA for diluted nitric acid (DNA), the company said. Nitric Acid in different grades are used in nitro aromatics, pharmaceuticals, dyes, steel rolling industry, defence and ...