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Deepak Fertilisers and Petrochemicals Corporation Ltd. ( (IN:DEEPAKFERT) ) has issued an update.
Deepak Fertilisers and Petrochemicals Corporation Ltd. has entered into agreements with Sunsure Energy Private Limited and its subsidiaries, Murli Solar Energy Private Limited and Sunsure Solarpark Fifty One Private Limited, for significant investments aimed at enhancing renewable energy consumption. The company will invest Rs. 4.78 crore in Murli Solar Energy for solar power and Rs. 8.4 crore in Sunsure Solarpark for wind power, acquiring a minimum 26% equity share in each. This strategic move is expected to bolster the company’s renewable energy portfolio, aligning with sustainable energy practices and potentially improving its market position in the renewable sector.
More about Deepak Fertilisers and Petrochemicals Corporation Ltd.
Deepak Fertilisers and Petrochemicals Corporation Ltd. operates in the chemical industry, focusing on the production and distribution of fertilizers and petrochemicals. The company is engaged in providing essential agricultural and industrial chemicals, catering to both domestic and international markets.
Average Trading Volume: 21,291
Technical Sentiment Signal: Buy
Current Market Cap: 176.2B INR
For detailed information about DEEPAKFERT stock, go to TipRanks’ Stock Analysis page.