Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is planning to demerge its mining chemicals and fertilisers businesses. The board of Smartchem Technologies (STL), a wholly-owned subsidiary of DFPCL, in a meeting December 15, 2022 approved a corporate restructuring plan that will help unlock the growth potential of each of the businesses.
It approved the demerger of the TAN business (mining chemicals) from STL to DMSPL, a wholly owned subsidiary of DFPCL, and amalgamation of Mahadhan Farm Technologies (MFTPL), a wholly-owned subsidiary of STL, with STL. Over past few years, DFPCL has improved its operational performance, generated cash flows, and strengthened the balance sheet while focusing on increasing investments in greenfield expansions. The proposed corporate restructuring shall considerably help create strong independent business platforms within the larger DFPCL brand umbrella, hence enhancing stakeholders' value over time.
Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is among India’s leading producers of fertilisers and industrial chemicals.
Company Name | CMP |
---|---|
Coromandel Interntl. | 1089.95 |
National Fertilizers | 104.80 |
Chambal Fert & Chem | 402.05 |
RCF | 151.95 |
Paradeep Phosphates | 72.20 |
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