National Fertilizers to become part of ammonia-urea complex Namrup IV fertilizer plant

The Board of Directors of National Fertilizers Limited has shown its willingness to the proposal of Department of Fertilizers for becoming part of the proposed Joint Venture company with 18% equity for setting up of a new Ammonia-Urea Complex Namrup IV fertilizer plant at Namrup, Assam. The tentative overall time schedule for mechanical completion and commissioning of Namrup - IV Project is 48 months from zero date.

Deepak Mining Solutions increases its shareholding in Platinum Blasting Services

Deepak Mining Solutions Limited (DMSL), the wholly owned subsidiary of Deepak Fertilizers and Petrochemicals Company Ltd. which is into the business of manufacturing mining chemicals and providing mining solutions in the entire value chain of the mining operations, has enhanced its shareholding in its Australian Subsidiary and Step Down Subsidiary of the Company, Platinum Blasting Services Pty Limited, from 65% to 85% by buying shares from other existing shareholders of the Company for an aggregate consideration of 11.78 million AUD equivalent to Rs. 64.10 crore.