Business Responsibility and Sustainability Report
DEEPAKNTR · price
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Awaiting price reaction for this filing.
Deepak Nitrite Limited has filed its Business Responsibility and Sustainability Report (BRSR) for FY2024-25, covering its standalone chemical manufacturing operations. The company reported a turnover of ₹2,526.47 crores and a net worth of ₹3,126.48 crores, with exports contributing 45% of revenue across 50 countries. Top products include Nitro Toluidine (17.04%) and Sodium Nitrite (17.01%). Key ESG initiatives include long-term renewable energy PPAs with Fourth Partner Energy for wind-solar hybrid power at Nandesari, Dahej, and Roha sites, recycling of 35% of wastewater, and restoration of 20.23 hectares of coastal land through 1.07 lakh mangrove saplings. The report identifies 18 material ESG issues ranging from climate change and water management to diversity and digitalization, and discloses ongoing tax/customs penalty disputes that the company is appealing. The BRSR has received reasonable assurance from Bureau Veritas for BRSR Core and limited assurance for the full report.
This is a regulatory ESG disclosure and does not directly affect stock price, but it signals the company's commitment to sustainability and transparency, which may appeal to ESG-focused investors. The disclosure of ongoing customs duty disputes and reduced R&D/capex spending on environmental improvements (from 6% to 0% R&D, 5% to 3.94% capex) is worth monitoring.