Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Acquisition
DEEPAKFERT · price
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Deepak Fertilizers' wholly owned subsidiary Deepak Mining Solutions Limited (DMSL) has completed the acquisition of Chardham Chemicals Private Limited (CCPL), an explosives manufacturer, for Rs. 121.45 Crores in cash. The deal, originally announced on 24th December 2025, closed on 6th May 2026. DMSL acquired 100% of CCPL's shareholding. CCPL, incorporated in March 2021 and currently loss-making with Nil turnover over the past three years, will give DMSL a full-range explosives product portfolio. The acquisition also supports export of differentiated products through DMSL's 100% owned Australian mining subsidiary and other international markets. The transaction is not a related party deal and no regulatory approvals were required.
The acquisition strengthens DMSL's mining solutions offerings and opens an export avenue via Australia, potentially boosting the parent company's earnings from its mining services vertical. The Rs. 121.45 Crore all-cash deal adds a company with no current revenue, making near-term contribution to profitability uncertain.