Deepak Fertilizers And Petrochemicals Corporation Limited has informed the Exchange about Awarding of order(s)/contract(s)
DEEPAKFERT · price
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Deepak Fertilizers, along with its step-down subsidiary Performance Chemiserve Limited, has signed a 5-year agreement with Petronet LNG Limited for regasification of LNG. Petronet will regasify approximately 25 TBTUs of LNG annually, primarily at its Dahej terminal, with the regasified gas being supplied to the company's manufacturing facilities at Taloja, Mumbai for internal use. This agreement completes the company's LNG value chain, building on its existing long-term LNG supply contract with Norway's Equinor ASA, by adding the final regasification step. The tie-up supports the company's integrated Gas-to-Ammonia-to-Chemicals strategy, covering products like nitric acid, NPK fertilizers, industrial chemicals, and mining chemicals.
This is a strategic operational milestone that secures long-term LNG logistics for the company's manufacturing units, reducing supply uncertainty and supporting its downstream expansion plans. For shareholders, it signals management's focus on backward integration and cost stability, though no revenue figure has been disclosed to gauge the direct financial impact.