Deepak Fertilisers Invests Rs. 5 Crores in Wind-Solar Hybrid Power Captive Consumption

Deepak Fertilisers & Petrochemicals Corporation Ltd has entered into a Share Subscription and Shareholders Agreement (SSSA) with First Energy 11 Private Limited and First Energy Private Limited. The company will invest Rs. 5,00,00,000 for subscription of minimum 26% (along with other captive users) of equity share capital of First Energy. This investment will enable long-term access to renewable Wind-Solar Hybrid power through captive consumption, resulting in cost efficiencies and will support sustainability goals by increasing the Company’s share of renewable energy usage and reduction in carbon footprint.