Deepak Fertilisers inks long-term supply agreement with Equinor

20 Feb 2024 Evaluate

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) has entered into a long-term supply agreement with Equinor, an international energy company headquartered in Norway, for Liquefied Natural Gas (LNG). With this tie-up, DFPCL 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. This end-to-end tie-up shall establish a strong long-term foundation for all of DFPCL's product segments.

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 DFPCL’s growing captive needs. The LNG will be delivered to the west coast of India. DFPCL 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. 

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is among India’s leading producers of fertilisers and industrial chemicals.

Deepak Fert & Petro Share Price

1201.55 34.80 (2.98%)
24-Dec-2024 16:59 View Price Chart
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Company Name CMP
National Fertilizers 116.45
Coromandel Interntl. 1855.30
Chambal Fert & Chem 502.95
RCF 170.65
Paradeep Phosphates 110.65
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