Pune-based Deepak Fertilisers & Petrochemicals Corporation (DFPCL) is feeling optimistic about the future of industrial chemicals across various consumer sectors. The company is confident in the demand for industrial chemicals in sectors such as pharmaceuticals, agrochemicals, food, specialty chemicals, and chemical intermediates.
DFPCL is making strategic investments and expanding its product portfolio to cater to the growing demand for industrial chemicals. In line with its positive outlook, the company has announced plans to build a new nitric acid plant in Dahej as part of its efforts to enhance production capabilities.
The company is also focusing on strengthening its specialty chemical offerings and plans to introduce new products in the coming year to boost its market share in this sector. By expanding and diversifying its product range, DFPCL aims to contribute to stable and gradually improving operating margins.
DFPCL anticipates that operating margins will remain stable and improve over time, supported by favorable demand prospects and stability in key raw material prices. The company’s efforts to expand its specialty chemical portfolio are expected to drive growth in market share for its newly launched products.
The expected increase in demand for cement, steel, and rock aggregates is projected to lead to higher requirements for commercial explosives in the mining and infrastructure sectors. This is likely to positively impact the demand for technical ammonium nitrate (TAN) products and provide a boost to the specialty chemicals business.
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