Deepak Mining Solutions Acquires Explosives Manufacturer Chardham Chemicals
Deepak Mining Solutions Limited (DMSL), a wholly owned subsidiary of Deepak Fertilizers and Petrochemicals Corporation Limited, has completed the acquisition of Chardham Chemicals Private Limited (CCPL), an explosives manufacturer.The transaction was finalized on May 6, 2026. According to the details, the total consideration for the acquisition amounted to Rs. 121.45 Crores (Rupees One Hundred Twenty One Crores and Forty Five Lakhs), supplemented by incidental legal and other transaction costs. This acquisition aligns with the agreement that was initially entered into on December 24, 2025.
The acquisition significantly enhances DMSL's capacity within the explosives industry. Company officials noted that the purchase will provide DMSL with a comprehensive range of explosives products, enabling the company to undertake mine productivity improvement programs using DMSL's Total Cost of Ownership (TCO) model of value delivery to mines. Furthermore, the newly acquired business unit is expected to assist in the export of differentiated products through DMSL's 100% owned mining servicing subsidiary located in Australia, serving other international export markets.
The following table summarizes the key details of the target entity and the transaction:
| Detail | Description |
|---|---|
| Target Entity | Chardham Chemicals Private Limited (CCPL) |
| Industry | Manufacturing of explosives |
| Completion Date | May 6, 2026 |
| Total Consideration | Rs. 121.45 Crores (plus incidental costs) |
| Shareholding Acquired | 100% holding |
| CCPL Paid Up Capital | Rs. 1,00,000/- |
| CCPL Turnover (as of Mar 31, 2025) | Nil |
The data confirms that CCPL, incorporated on March 5, 2021, is engaged in the Explosive Manufacturing business, and its registered office is located in New Delhi. The acquisition was completed through a cash consideration.
The transaction represents a strategic move by the Deepak group to strengthen its vertical integration and expand its operational footprint in both domestic and international mining servicing sectors.
DEEPAKFERT Stock Price Movement
On Wednesday, Deepak Fertilizers and Petrochemicals Corporation Limited shares edged higher, gaining 1.81% to close at ₹1294.3. The stock saw significant trading activity, with 243,714 shares traded during the session.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.
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