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The latest announcement is out from Deepak Fertilisers and Petrochemicals Corporation Ltd. ( (IN:DEEPAKFERT) ).
Deepak Mining Solutions Ltd., a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd., has signed an agreement to acquire 100% of the equity shares of an explosives manufacturing company, subject to completion of certain conditions precedent and successful closing of the transaction. While the name of the target and deal value remain confidential until closure, the acquisition is positioned to bolster exports of value-added explosive products and services that will leverage upcoming Technical Ammonium Nitrate (TAN) capacities at DMSL’s Gopalpur TAN plant, and to support the export of differentiated products to DMSL’s fully owned mining services subsidiary in Australia, signalling a strategic push to deepen its presence in global mining solutions and explosives markets.
More about Deepak Fertilisers and Petrochemicals Corporation Ltd.
Deepak Fertilisers and Petrochemicals Corporation Ltd. operates in the chemicals and fertilisers sector, with a presence in mining-related inputs through its wholly owned subsidiary Deepak Mining Solutions Ltd. (DMSL). The group is expanding its capabilities in technical ammonium nitrate (TAN) and value-added products and services for mining and explosive applications, including international markets such as Australia.
Average Trading Volume: 13,250
Technical Sentiment Signal: Buy
Current Market Cap: 155.9B INR
For an in-depth examination of DEEPAKFERT stock, go to TipRanks’ Overview page.