Announced Wed, 17 Jun · 15:10 IST
Completed Rs 5 cr investment in First Energy for captive wind-solar power
DEEPAKFERT · price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹1541.90
prior close
₹1551.70
base price
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AI summary
Deepak Fertilisers has completed its Rs 5 crore investment in First Energy for captive wind-solar hybrid power consumption. 50 lakh equity shares of Rs 10 each have been credited to the company demat account on 16 June 2026. This follows the Share Subscription and Shareholders Agreement signed in March 2026 for subscribing to minimum 26 percent stake, along with a Captive Power Agreement.
Likely market impact
Strategic move to secure renewable captive power, likely reducing long-term energy costs. Minor capital allocation of Rs 5 cr, limited direct financial impact.