Deepak Nitrite (DNL), manufacturer of industrial chemicals, announced that the company has bagged an annual contract of sizeable amount for the year 2016 for supply of a major agro intermediate to Bayer Crop Science.
DNL's fine and speciality business strengthens by foraying into pharma intermediates.
Besides agro intermediates, using its strong R & D base, the company has started offering three new drug intermediates for anti-biotics and decongestant therapeutic segments.
Shares of the company gained Rs 4.05, or 6.45%, to trade at Rs 66.85 at the BSE (10.53 a.m., Wednesday).