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Deepak Fertilisers & Petrochemicals Corp Ltd logo

Deepak Fertilisers & Petrochemicals Corp Ltd

NSE: DEEPAKFERT BSE: 500645

₹1473.90

(6.52%)

Mon, 25 May 2026, 10:57 am

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Company History

1979

  • The company was incorporated as a private limited company.
  • The company was converted into a public company.
  • The company entered into agreements with Fish International Engineers Inc., Haldor Topsoe, and Union Carbide Corporation.
  • The company entered into an agreement with Engineers India Ltd. for consultancy services.

1982

  • The company issued 1,50,000 - 13.5% preference shares and 1,14,99,990 equity shares.
  • The company redeemed its original 9-11% preference shares.

1985

  • The company received a letter of intent to manufacture 75,000 tonnes of dilute nitric acid, 33,000 tonnes of concentrated nitric acid, and 36,000 tonnes of low density prilled ammonium nitrate.

1986

  • The company received a letter of intent for the manufacture of 2,29,500 TPA of ammonium nitrophosphate (ANP).
  • The company undertook an integrated project for the manufacture of nitric acid, ammonium nitrate, methanol, and ANP.

1988

  • The company reissued 25-15% preference shares and 3,000 equity shares that were forfeited in the previous year.

1989

  • The company's production and sales were affected by a strike.
  • The company received a letter of intent for the manufacture of 45,000 TPA of various resins based on methanol.
  • The company issued 14% secured convertible debentures.

1990

  • The company sold fertilisers under the brand name 'Mahadhan'.
  • The company undertook to implement projects for the manufacture of resins and carbon-di-oxide/dry ice.

1991

  • The company undertook to implement projects for the manufacture of resins and carbon-di-oxide/dry ice.
  • The company's production and sales were affected by a strike.
  • The ammonium nitrophosphate plant was proposed to be commissioned.

1992

  • The methanol plant was affected due to an explosion.
  • The ANP plant was affected due to partial decontrol of fertilisers.

1994

  • The company re-activated the carbon-dioxide project.
  • The company allotted warrants to the promoter group.
  • The company decided to undertake debottlenecking of the ammonia plant.

1996

  • The company proposed to debottleneck the ammonia ANP fertiliser plant.
  • The company redeemed its preference shares.

2000

  • The company set up a new nitric acid plant with an annual capacity of one lakh tonnes at Taloja in Maharashtra.
  • The company planned to invest about Rs. 100 crore.

2002

  • The company's board approved the buyback of equity shares.
  • Mr. A C Mehta was appointed as an additional director on the board.
  • The company handed over its price bid to the fertilizer unit of Rourkela Steel Plant.
  • Shri D C Mehta was elevated to the position of Vice-Chairman and Shri S C Mehta was appointed as the MD.

2003

  • The company closed the buyback of equity shares.
  • The company inducted Knight Frank as its real estate consultant.
  • The company approved the setting up of a 6MW capacity cogeneration captive power plant.

2004

  • The company entered into a license agreement with Aker Kvaerner Inc. for the manufacture of 70,000 MT per annum Isopropyl Alcohol (IPA).

2010

  • Shri Pranay Vakil joined the Board of Directors of the company.

2011

  • The company was awarded for 'Excellence in Fertiliser Extension Services'.
  • The company was ranked amongst the top 500 companies by Fortune (India).
  • The company acquired a 49% equity stake in Desai Fruits And Vegetables Pvt. Ltd.

2012

  • The company recommended a dividend of 55% per share.
  • The company planned to invest Rs. 415 crore in expansion activities.

2013

  • The company recommended a dividend of 55% per share.
  • The company acquired 24.46% of the share capital of Mangalore Chemicals & Fertilisers Limited.
  • The company participated in a bidding process for a phosphate project in Togo, West Africa.

2014

  • The company recommended a dividend of 65% per share.
  • The company formed a joint venture in Australia.

2015

  • The company resumed production of ANP fertilizer.
  • The company entered into a shareholders agreement with Unity Infraprojects Limited.
  • The company received a favourable verdict from the Hon'ble High Court of Delhi in the gas discontinuation matter.

2016

  • The company planned to deploy a state-of-the-art manufacturing facility with an investment of Rs. 550 crores.

2017

  • The company planned to set up a brownfield isopropyl alcohol plant with high purity diisopropyl ether as co-product at its existing Taloja facility.
  • Smartchem Technologies, a wholly owned subsidiary, decided to acquire a majority stake in Performance Chemiserve Private Limited.

2018

  • Deepak Fertilizers And Petrochemicals Corporation Limited received an environment clearance for the expansion of its fertiliser facilities in Raigad district of Maharashtra.
  • The company received a favourable award and order from the Honorable Delhi High Court against GAIL.

2020

  • The company announced its foray into the hand sanitiser segment under the brand name 'Cororid'.
  • The Board approved the issue price and rights entitlement ratio for the equity shares.

2022

  • Smartchem Technologies Limited planned to invest Rs. 2,200 crore in its global scale technical ammonium nitrate plant in Gopalpur, Odisha.

2023

  • The company signed a supply proposal for the purchase of natural gas from Gujarat State Petroleum Corporation Ltd. for a period of three years.