Deepak Nitrite has sold a parcel of land in Pune for a total consideration of Rs 69.60 crore. The company has concluded the sale of 12,141 sq mtr of land situated at Sinhagadh Road, Pune in Maharashtra.

The company has also surrendered/assigned its lease hold right in respect of adjoining land admeasuring 8,093 sq mtr, situated at Sinhagad Road, Pune for a total consideration of Rs 9.66 crore.

Gujarat-headquartered Deepak Nitrite has manufacturing facilities at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra, and at Hyderabad in Andhra Pradesh. It manufactures Bulk Chemicals & Commodities, Fine & Speciality Chemicals and Fluorescent Whitening Agents.