The company said the plant, along with its utilities and infrastructure, commenced manufacturing operations on September 29, 2026. The total capital expenditure incurred for the project was approximately ₹300 crore as of the commencement of manufacturing operations.
Back in August this year, Deepak Nitrite expects to maintain growth through the current financial year 2026-27 (FY27) as its raw material sourcing strategy and supply preparedness help offset disruptions, Deputy Managing Director Maulik Mehta said.
ALSO READ | Deepak Nitrite Q1 profit surges as margin doubles; board clears ₹2,500 crore expansion
Mehta said the company had secured raw material availability well in advance, allowing it to operate plants at or above design capacity after suppliers declared force majeure in the April-June 2026 quarter.
He added that consumption trends have started normalising over the last six weeks, with higher customer offtake expected to support volumes even as product prices moderate.
Mehta also said the company’s ₹11,000 crore capex programme remains on track, with all major projects expected to be online by the second half of 2028-29 (FY29). He said the current decline in return on capital employed (RoCE) reflects ongoing investments and reiterated the company’s target of achieving RoCE above 20% once the new assets are commissioned and ramped up.
ALSO READ | Deepak Nitrite Q4 net profit, margins rise despite revenue dip; declares ₹7.50 dividend
Shares of Deepak Nitrite Ltd ended at ₹1,515.15, down by ₹35.90, or 2.31%, on the BSE.