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Deepak Nitrite held a conference call on 22 May 2024 to discuss the results for the quarter ended March 24 and way forward. Mr. Maulik Mehta, Executive Director and Chief Executive Officer, Mr. Sanjay Upadhyay – Director, Finance & Group CFO and Mr. Somsekhar Nanda –CFO of the company addressed the call.
Highlights of the Concall
- The company faced a challenging business environment owing to Chinese dumping, continued recessive trend in EU Zone and general weakness in market due to uncertain future caused by geopolitical tension at several geographies.
- The company has commenced manufacturing operations at its fluorination plant at Dahej effective 21 March 2024 alongside establishing a new unit for specialty salts in Sankarda near Vadodara. The specialty salts facility is a forward integration into formulations of existing products & operates on a pilot scale for trial quantities. The fluorination asset bolsters Deepak's backward integration for...
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