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Deepak Fertilisers & Petrochemicals Corporation (DFPCL) has completed the acquisition of Chardham Chemicals Private Limited (CCPL), an explosives manufacturing company, through its wholly-owned subsidiary Deepak Mining Solutions Limited (DMSL). The acquisition was completed on 6th May, 2026, at a total cash consideration of Rs. 121.45 Crores plus incidental legal and transaction costs. CCPL is a private limited company incorporated in March 2021, with operations based in New Delhi. Interestingly, CCPL reported nil turnover for the last three financial years (FY 2022-23 to FY 2024-25). The acquisition is not a related party transaction and did not require any regulatory approvals.
This acquisition strengthens DMSL's explosives product portfolio for its mining services business and enables exports to its Australian subsidiary. For DFPCL shareholders, the deal expands the company's mining solutions footprint, though the nil turnover of the target suggests the value lies in future growth potential rather than immediate revenue contributions.