Deepak Mining Solutions Limited (DMSL), a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited, has successfully completed the 100% acquisition of Chardham Chemicals Private Limited. Finalized on May 6, 2026, for a total consideration of Rs. 121.45 Crores, this strategic move aims to strengthen DMSL’s explosives product portfolio and enhance its market reach, particularly in the Australian mining sector and other international markets.
Strategic Expansion in Explosives Manufacturing
Deepak Mining Solutions Limited (DMSL) has officially concluded the acquisition of Chardham Chemicals Private Limited (CCPL), an explosives manufacturer. The transaction, completed on May 6, 2026, was executed for a total consideration of Rs. 121.45 Crores plus additional incidental legal and transaction costs. This deal marks a significant step in the company’s growth strategy within the mining solutions vertical.
Rationale and Future Impact
The acquisition is designed to integrate a comprehensive range of explosive products into the existing DMSL portfolio. By leveraging this addition, the company aims to enhance its Total Cost of Ownership (TCO) model for mine productivity improvement programs. Furthermore, the acquisition will facilitate the export of differentiated products to DMSL’s subsidiary in Australia and other key international export markets, broadening the company’s global footprint.
Target Entity Profile
Chardham Chemicals Private Limited was incorporated on March 5, 2021, and is headquartered in New Delhi. The entity is currently focused on the explosives manufacturing industry. Financial records for the previous three fiscal years (FY 2022-23 to FY 2024-25) indicate a nil turnover, reflecting the entity’s nascent stage before being brought under the ownership and operational umbrella of the parent company.
Source: BSE
