Deepak Nitrite launches new products

Deepak Nitrite has launched new products in the fuel additives space. Deepak Nitrite is planning to leverage its in-house availability of the building blocks and its expertise to undertake complex manufacturing processes in developing the new products. The company is expecting annualized revenues in the range of Rs75-Rs100 crore (US$16.44 million-US$21.92 million) from this segment. The domestic demand for fuel additives is expected to rise significantly in the future. Fuel additives in the U.S. are expected to be a US$1.2 billion industry by 2012. (January 13, 2010)