Technical ammonium nitrate (TAN) is an important chemical used in various industries, including mining, construction, and agriculture. Its primary use is as a component in explosives, where it is mixed with other chemicals to create an explosive compound that can be used for mining and construction.
The global TAN market is expected to grow significantly in the coming years due to increased demand from various industries. Factors such as the growing population, increasing construction and mining activities, and rising demand for high-quality fertilizers are expected to drive the demand for TAN.
Recently, Deepak Fertilisers and Petrochemicals Corporation Ltd. announced internal-rejig of its growing Technical Ammonium Nitrate business which shall entails it to house it in a separate wholly owned subsidiary.
Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is among the India's leading manufacturers of industrial chemicals and fertilisers. The company is engaged in manufacturing of following businesses:
Industrial Chemicals (IC), through DFPCL
Technical Ammonium Nitrate (TAN), and Crop Nutrition business (CNB) through wholly owned subsidiary; Smartchem Technologies Limited ("STL" or "Demerged Company").
The equity shares of DFPCL are listed on nationwide bourses.
Mahadhan Farm Technologies Private Limited (MFTPL) is engaged in the business of manufacturing of watersoluble fertilisers. MFTPL is a wholly owned subsidiary of STL.
Deepak Mining Services Private Limited (DMSPL) was incorporated with the objective of providing consultancy to mining companies in India inter alia to the entire value chain of the mining business. However, currently it has no business activities. DMSPL is a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited.
Past Transaction
This story is from the March 2023 edition of M & A Critique.
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This story is from the March 2023 edition of M & A Critique.
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