Deepak Nitrite Ltd. is lining up new investments as it seeks to take advantage of opportunities emanating from the US-China trade tensions, according to a report in the Hindu Business Line newspaper. 'In the coming months we are seeing more opportunities opening up in the downstream segments. By February or March, we will come up with one more downstream product, one more solvent - isopropyl alcohol (IPA). Also, we are coming up with a power plant. The investment for the two projects will be about couple of hundred crores and these will be commissioned in the next nine months,' Mr. Deepak Mehta, Chairman, Deepak Nitrite, was quoted as saying on the sidelines of the FICCI Gujarat State Council's annual day programme in Ahmedabad recently.
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