Deepak Fertilisers and Petrochemicals Corporation Limited announced a strategic investment of ₹5,00,00,000/- (Rupees Five Crore) into First Energy 11 Private Limited and First Energy Private Limited (FEPL). This investment secures a minimum 26% equity share capital in First Energy for captive consumption of Wind-Solar Hybrid Power. The move aligns with sustainability goals, aiming to reduce the company’s carbon footprint through renewable energy usage.
Strategic Investment in Renewable Energy Platform
Deepak Fertilisers and Petrochemicals Corporation Limited has formalized an agreement for a strategic investment aimed at enhancing renewable energy procurement. The transaction involves the subscription of equity share capital in entities managed by First Energy.
The specific parties involved are First Energy 11 Private Limited (First Energy) and First Energy Private Limited (FEPL). This move took place around 3:30 P.M. on March 20, 2026.
Transaction Details and Purpose
The size of the agreement mandates an Investment of Rs. 5,00,00,000/-. This capital is designated for the subscription of a minimum 26% equity share capital of First Energy, alongside other captive users.
The core purpose of this transaction is to facilitate Wind-Solar Hybrid Power Captive Consumption. This structure is established under the relevant provisions of the Electricity Act, 2003, and supports the Company’s overarching sustainability goals by increasing the share of renewable energy usage and achieving reduction in its overall carbon footprint.
Key Shareholding Details
It is noted that currently, the Company is not holding any shares in the entities with whom the agreement is executed, making this initial investment the basis for their required equity stake.
The transaction is confirmed not to fall within the ambit of Related Party Transactions, having been conducted at an “arm’s length” basis. Regarding future governance, the agreement includes standard rights such as the right to appoint directors and a first right to share subscription in case of future issuance of shares.
Compliance and Disclosure
The Equity Shares related to this investment will be allotted as per the timelines detailed in the agreement, and the specifics will be intimated separately to the exchanges upon the actual issuance.
The information is made available on the Company’s official website at www.dfpcl.com.
Source: BSE
