Deepak Fertilisers Bolsters Global Mining Footprint with Strategic 85% Stake Acquisition in Australian Subsidiary

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has expanded its international mining operations by increasing its stake in Platinum Blasting Services Pty Ltd (PBS) from 65% to 85% for 11.78 million AUD (₹64.11 crore). The transaction, finalized on February 17, 2025, aligns with DFPCL’s strategy to transition from commodity-focused operations to integrated mining solutions. PBS, a key player in Australia’s 2-million-tonne technical ammonium nitrate (TAN) market, will bolster DFPCL’s global explosives and blasting services portfolio.

 

This acquisition, validated by a Big Four Australian accounting firm’s earnings-based valuation, strengthens DFPCL’s position amid rising demand from India’s coal, infrastructure, and power sectors. The move follows DFPCL’s recent commissioning of a 629 KTPA TAN plant in Odisha and underscores its commitment to backward integration and global market leadership.

 

Sources: Business Upturn, Business Standard, DFPCL Annual Reports 2023-24

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