Deepak Nitrite Targets Move Up the Value Chain.

The article reports on the decision of Pune, India-based chemicals producer, Deepak Nitrite Ltd. to produce high-value fine chemical intermediates for the pharmaceutical sector as of June 14, 2006. To facilitate the strategy, the company recently began to restructure its activities into three business units. Deepak raised millions via a share issue, and plans to use some of the proceeds to fund its share of a joint research and development initiative with the National Chemical Laboratory.