Deepak Fertilisers and Petrochemicals Corporation anticipates robust demand outlook for industrial chemicals across key consumer sectors such as pharmaceuticals, agrochemicals, food, specialty chemicals, and chemical intermediates. The company has announced plans to construct a nitric acid plant at Dahej.
The brand has also expanded its specialty chemical portfolio with the introduction of new products slated for the coming year, aiming to increase market share for both newly launched and existing products. It expects operating margins to remain stable, with potential for gradual improvement driven by strong demand prospects and stable pricing of key raw materials.
Additionally, various strategic actions to enhance the specialty chemical portfolio are set to support the launch of new products and boost the market share of existing offerings.
The anticipated rise in demand for cement, steel, and rock aggregates is likely to drive up demand for commercial explosives in the mining and infrastructure sectors. As reported by timesofindia.indiatimes.com, the growth is expected to positively impact the demand for all technical ammonium nitrate (TAN) products and provide a significant boost to the specialty chemicals business.
