Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Agreements
DEEPAKFERT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deepak Fertilizers has transferred its long-term LNG supply deal with Norway's Equinor ASA to its Singapore-based wholly-owned subsidiary, Deepak Globalchem PTE. LTD (DGPL), via a Novation Agreement signed on 25th March 2026. The original agreement (dated 19th February 2024) covered up to 0.65 million tonnes of LNG annually for 15 years starting 2026, and commercial terms remain unchanged. After novation, DGPL becomes the direct buyer and the parent company is released from obligations, though it will continue to back the arrangement with a corporate guarantee. The company confirmed this is not a related-party transaction.
Neutral to mildly positive for shareholders — this is an internal restructuring that consolidates the LNG trading business into a dedicated Singapore subsidiary, which could improve operational focus and tax efficiency, while the parent retains credit support. No change in deal economics or counterparty risk.