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Deepak Fertilizers invests in captive solar and wind power

September 10, 2025 at 04:39 PM UTCBy FilingReader AI

Deepak Fertilizers and Petrochemicals Corporation Limited (DFPCL) announced significant investments in solar and wind power projects for captive energy consumption. The company informed stock exchanges on September 10, 2025, about two key Share Subscription and Shareholders Agreements (SSSAs) to secure renewable power.

DFPCL will invest INR 4,78,44,000 in Murli Solar Enery Private Limited (MSEPL) through an SSSA with Sunsure Energy Private Limited and MSEPL. This investment, made in tranches, will secure a minimum 26% equity stake for solar power captive consumption, in line with the Electricity Act, 2003.

Additionally, DFPCL will invest INR 8,40,00,000 in Sunsure Solarpark Fifty One Private Limited (SSFOPL) via an SSSA with Sunsure Energy Private Limited and SSFOPL. This investment, also in tranches, will secure a minimum 26% equity share for wind power captive consumption, complying with the Electricity Act, 2003. DFPCL currently holds no shares in either MSEPL or SSFOPL.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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