Deepak Fertilisers and Petrochemicals Corporation Limited announced that its wholly-owned subsidiary, Deepak Mining Solutions Limited (DMSL), has entered into an agreement to acquire 100% equity shares of an explosives manufacturer. The acquisition is subject to certain conditions and aims to boost exports of value-added products and services. Further details will be disclosed upon successful completion of the transaction.
Acquisition of Explosives Manufacturer
Deepak Mining Solutions Limited (DMSL), a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited, has agreed to acquire 100% of the equity shares of an explosives manufacturer. The agreement was signed on December 24, 2025.
Strategic Rationale
This acquisition is expected to enhance the export of value-added products and services, leveraging the upcoming Technical Ammonium Nitrate (TAN) capacities at DMSL’s Gopalpur TAN plant. It will also support the export of differentiated products to DMSL’s wholly-owned Mining Services subsidiary in Australia.
Conditions and Approvals
The proposed acquisition is subject to the completion of certain conditions. Regulatory approvals are not required for the acquisition. The expected completion date is April 15, 2026, or any other mutually agreed upon date.
Transaction Details
The consideration for the acquisition will be in cash. Upon the successful closure of the transaction, more information including the name of the target, and the transaction value will be disclosed. The company will acquire 100% of the target company’s shares under the share purchase agreement.
Source: BSE