Deepak Fertilisers Completes Share Subscription in First Energy for Wind-Solar Hybrid Power Projects
Deepak Fertilisers & Petrochemicals Corporation Ltd has successfully completed the share subscription process in First Energy, securing a stake that enables captive consumption of power generated from wind and solar hybrid projects. The investment involved two parties: First Energy 11 Private Limited and First Energy Private Limited (FEPL).The company entered into a Share Subscription and Shareholders Agreement (SSSA) on March 20, 2026, with the two entities for an investment totaling Rs 5,00,00,000/-. This investment is intended for the purpose of Wind-Solar Hybrid Power Captive Consumption, in conjunction with a corresponding Captive Power Agreement (CPA) with First Energy. The agreement secures a minimum of 26% equity share capital of First Energy, along with other captive users, as per the provisions of the Electricity Act, 2003 and related rules.
The financial transaction details confirm that 50,00,000 Equity Shares of First Energy were credited to Deepak Fertilisers & Petrochemicals Corporation Ltd's Demat Account on June 16, 2026. Each equity share was priced at Rs 10/-, accumulating to the agreed investment amount of Rs 5,00,00,000/-.
The transaction marks a significant move towards integrating renewable energy solutions into the power structure for the company and its captive consumption needs.
DEEPAKFERT Stock Price Movement
Shares of Deepak Fertilizers and Petrochemicals Corporation Limited are edging higher to ₹1551.70 as of 3:21 PM today, climbing on the current trading session. The equity recorded a solid volume with 169,991 shares traded in the active market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.