Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL), through its subsidiary Deepak Mining Solutions Ltd (DMSL), has acquired the remaining 15% stake in Australia-based Platinum Blasting Services Pty Ltd. This move elevates DFPCL’s ownership to 100%, reinforcing its strategic shift toward integrated mining solutions and expanding its global footprint.
In a decisive step toward global expansion and business transformation, Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has announced that its wholly-owned subsidiary, Deepak Mining Solutions Ltd (DMSL), has acquired the remaining 15% stake in Platinum Blasting Services Pty Ltd. With this acquisition, DFPCL now holds complete ownership of the Australian mining services company.
The deal, valued at approximately Rs 64.1 crore (AUD 11.78 million), was funded through internal accruals. Platinum Blasting Services, known for its end-to-end mining solutions and consistent dividend generation, plays a pivotal role in DFPCL’s strategy to evolve from a commodity supplier to a comprehensive mining solutions provider.
Key Highlights:
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DMSL’s stake in Platinum Blasting Services increased from 85% to 100%.
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Acquisition cost: Rs 64.1 crore (AUD 11.78 million), funded internally.
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Strengthens DFPCL’s presence in the Australian mining sector.
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Aligns with DFPCL’s transformation into a full-spectrum mining solutions company.
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Platinum Blasting Services has a strong operational and financial track record.
This acquisition marks a significant milestone in DFPCL’s international growth journey and reflects its commitment to delivering integrated, value-added solutions across the mining ecosystem.
Sources: EquityPandit, Machine Maker, Business Standard