Deepak Fert up 10%

Deepak Fertilisers is currently among the top three gainers on the BSE; opening 5% higher at Rs.518.65 and went on to an intraday high at Rs.546, up over 10%. Its 52-week high is at Rs.715.

The market has reacted positively to its announcement of having entered into a long term supply agreement for Liquefied Natural Gas (LNG) with Equinor ASA, Norway.

This agreement is for annual supplies of up to 0.65 million tonnes over a period of 15 years, beginning 2026. The tie-up provides room for trading some LNG parcels in the growing LNG demands in India as well as accommodating Deepak’s  growing captive needs.

The LNG will be delivered to the west coast of India. The company is at an advanced stage of tying up the Regasification Terminal with the Gas pipeline grid connectivity to its plant's doorstep already in place.

This tie-up strengthens its value chain with an attractive long-term LNG contract to solidify its value chain from Gas to Ammonia to various downstream Fertilisers, Industrial Chemicals and Mining Chemicals.