Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) announced on February 17 that its subsidiary, Deepak Mining Solutions Ltd (DMSL), has raised its stake in Platinum Blasting Services Pty Ltd, an Australian subsidiary, from 65% to 85%. The deal, valued at AUD 11.78 million (₹64.1 crore), involved purchasing shares from existing shareholders.
Platinum Blasting Services, known for its dividend-paying status, offers mining solutions across the entire value chain. This move is in line with DMSL’s strategy to evolve from a commodity-based business model into a provider of comprehensive mining solutions.
The acquisition was based on a valuation report from one of Australia’s Big 4 accounting firms, which used an earnings multiple to assess the deal. Platinum Blasting Services Pty Ltd officially approved the share transfer on February 17, 2025, at approximately 1:33 p.m., according to the filing.
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) is one of India’s leading producers of industrial chemicals, fertilizers, and technical ammonium nitrate. Established in 1979, the company has built a strong presence in agriculture, mining, infrastructure, and chemical sectors with a diversified portfolio of high-quality products.
Its flagship fertilizer brand, “Mahadhan,” is trusted by farmers across India for its innovative, crop-specific nutrient solutions. DFPCL is also a major player in the industrial chemicals market, producing nitric acid, ammonia, and isopropyl alcohol (IPA)—critical raw materials for pharmaceuticals, dyes, and specialty chemicals.
With a strong focus on sustainability, research, and innovation, Deepak Fertilisers is actively expanding its production capabilities and enhancing operational efficiency to meet growing domestic and global demands. The company is investing in green energy initiatives and advanced manufacturing technologies to ensure environmentally responsible growth. By leveraging cutting-edge R&D, digital transformation, and customer-centric strategies, DFPCL continues to strengthen its position as a key enabler of India’s agricultural and industrial progress while contributing to sustainable economic development.
