Deepak Fertilisers invests INR 5 crore for 26% stake in First Energy for wind-solar hybrid captive power

Type: Investment · Technology: Hybrid · Country: India · Announced: 2026-03-21

Deepak Fertilisers and Petrochemicals Corporation Limited is investing INR 5 crore (approximately $531,855) to acquire a minimum 26% equity stake in First Energy 11 Private Limited and First Energy Private Limited. This investment is for wind-solar hybrid captive power consumption, alongside other captive users. The agreement was signed on March 21, 2026, and marks Deepak Fertilisers' entry into First Energy, as the company currently holds no shares. The transaction does not grant board appointment rights or priority in future share issuances. The counterparties are unrelated to Deepak Fertilisers' promoter group.

Analysis

Deepak Fertilisers and Petrochemicals Corporation Limited is investing INR 5 crore for a minimum 26% equity stake in First Energy 11 Private Limited and First Energy Private Limited for wind-solar hybrid captive power consumption. The agreement was signed on March 21, 2026, and marks Deepak Fertilisers' initial entry into First Energy, as the company currently holds no shares. The transaction does not grant board appointment rights or priority in future share issuances, and the counterparties are unrelated to Deepak Fertilisers' promoter group. This investment is for wind-solar hybrid captive power consumption in India.

Key points

Counterparties

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