Deepak Fertilizers and Petrochemicals Corporation Limited Invests in Wind-Solar Hybrid Power Project
Deepak Fertilizers and Petrochemicals Corporation Limited announced on March 20, 2026, an agreement with First Energy 11 Private Limited (First Energy) and First Energy Private Limited (FEPL) to invest in a Wind-Solar Hybrid Power Captive Consumption project. The company will invest Rs. 5,00,00,000 for a minimum 26% stake in First Energy, along with other captive users.The investment will provide long-term access to renewable Wind-Solar Hybrid power through captive consumption, which is expected to improve cost efficiencies and support sustainability goals by increasing the company’s share of renewable energy usage and reducing its carbon footprint.
According to the agreement, Deepak Fertilizers and Petrochemicals Corporation Limited will subscribe to a minimum of 26% of the equity share capital of First Energy. The company currently does not hold any shares in First Energy. The transaction does not constitute a related party transaction. Equity shares will be allotted as per the timelines outlined in the agreement.
| Particulars | Details |
|---|---|
| Parties Involved | First Energy 11 Private Limited (First Energy) and First Energy Private Limited (FEPL) |
| Purpose of Agreement | Investment for Wind-Solar Hybrid Power Captive Consumption |
| Investment Amount | Rs. 5,00,00,000 |
| Shareholding | Minimum 26% (along with other captive users) |
| Related Party Transaction? | No |
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