Deepak Nitrite has established a wholly owned subsidiary with an initial investment of Rs 5 crore in its equity capital, as disclosed in an exchange filing. This subsidiary will provide various services, including Project Engineering, Procurement, Construction, Commissioning, Management, and Consultancy, which are different from the company’s primary business of chemical manufacturing. The subsidiary’s incorporation and Certificate of Incorporation issuance are pending approval from the Ministry of Corporate Affairs, including its name. On Wednesday, Deepak Nitrite’s stock closed at Rs. 2091 on the NSE, reflecting a 1.34% decrease.