Deepak Fertilisers Arm Completes Rs 121.45 Crore Explosives Acquisition

Deepak Fertilisers and Petrochemicals Corporation Ltd. ( (IN:DEEPAKFERT) ) has issued an update.

Deepak Fertilisers and Petrochemicals Corporation Ltd. has announced that its wholly owned subsidiary, Deepak Mining Solutions Ltd., has completed the acquisition of explosives manufacturer Chardham Chemicals Pvt. Ltd. for Rs. 121.45 crore, following an agreement signed in December 2025. The deal, which is not a related-party transaction, is expected to give the subsidiary a full range of explosives products to support its Total Cost of Ownership-based mine productivity programmes and to bolster exports to its Australian mining services arm and other overseas markets, strengthening the group’s position in mining explosives and services.

By integrating Chardham Chemicals’ manufacturing capability, Deepak Mining Solutions can internalise supply of explosives for its mine productivity solutions, potentially improving cost efficiency and product differentiation. The acquisition also signals a strategic push to grow its international footprint, particularly in Australia and other export markets, which may enhance the company’s competitive standing in the global mining services and explosives industry.

More about Deepak Fertilisers and Petrochemicals Corporation Ltd.

Deepak Fertilisers and Petrochemicals Corporation Ltd. operates in the chemicals and fertilisers sector, with activities that extend into mining solutions through its wholly owned subsidiary Deepak Mining Solutions Ltd. The group focuses on supplying industrial chemicals, fertilisers and value-added mining services, including explosives, to support productivity in mining operations and related markets.

Average Trading Volume: 33,753

Technical Sentiment Signal: Strong Buy

Current Market Cap: 162.8B INR

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