Deepak Fertilizers and Petrochemicals Corporation Limited — JV/Acquisition, 06-05-2026: Acquisition

Deepak Fertilisers' subsidiary, DMSL, has completed the 100% acquisition of Chardham Chemicals Private Limited (CCPL), an explosives manufacturer, for Rs 121.45 Cr. This strategic move equips DMSL with a full range of explosive products, enhancing its ability to offer comprehensive mine productivity solutions under its TCO model. The acquisition also opens avenues for exporting differentiated products to DMSL's Australian subsidiary and other global markets. Despite CCPL reporting nil turnover, this deal strengthens DMSL's operational capabilities and market reach.