Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Agreements
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Deepak Fertilizers has signed a Share Subscription and Shareholders Agreement (SSSA) on 20th March 2026 with First Energy 11 Private Limited and First Energy Private Limited. The company will invest Rs. 5 crore to subscribe to a minimum 26% equity stake (along with other captive users) in First Energy. The purpose is to secure long-term access to Wind-Solar Hybrid renewable power for captive consumption under the Electricity Act, 2003. The transaction is not a related-party deal, and the company currently holds no shares in First Energy. The investment is expected to bring cost efficiencies and help the company meet sustainability goals by increasing renewable energy usage.
This is a small strategic investment aimed at securing cheaper, renewable captive power for the company's operations rather than a transformative deal. Shareholders may view it positively for long-term cost savings and ESG alignment, but the Rs. 5 crore size is immaterial to the company's overall financials.