Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) has announced a strategic investment of Rs. 50 million for a minimum 26% equity stake in First Energy 11 Private Limited, securing long-term access to wind-solar hybrid power for captive consumption.
Deepak Fertilisers has formalized a Share Subscription and Shareholders Agreement with First Energy and First Energy Private Limited. This move aligns with India’s renewable energy push and DFPCL’s sustainability roadmap, ensuring cost efficiencies and reduced carbon footprint.
Strategic Investment For Clean Energy
The agreement, executed on March 20, 2026, enables DFPCL to subscribe to equity shares in First Energy, alongside other captive users. The investment will facilitate renewable power usage under the Electricity Act, 2003, through a Captive Power Agreement.
Sustainability And Efficiency Goals
By tapping into wind-solar hybrid energy, the company aims to lower operational costs while significantly boosting its renewable energy share. This initiative strengthens DFPCL’s ESG commitments and positions it as a forward-looking player in India’s industrial sector.
Key Highlights
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Investment size: Rs. 50 million
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Minimum 26% equity stake in First Energy
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Purpose: Wind-solar hybrid power for captive consumption
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No prior shareholding in First Energy
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Transaction not classified as related party
Sources: Company filing with BSE and NSE