Deepak Fertilisers and Petrochemicals Corporation Limited has announced a strategic move to enhance its business operations by increasing its shareholding in its Australian subsidiary, Platinum Blasting Services Pty Limited. The company’s wholly-owned subsidiary, Deepak Mining Solutions Limited (DMSL), which specializes in manufacturing mining chemicals and providing comprehensive mining solutions, has raised its stake in Platinum Blasting Services from 65% to 85%.
This enhancement of shareholding, valued at 11.78 million AUD (approximately ₹64.11 crore), was completed through the acquisition of shares from existing shareholders. The transaction was based on a valuation report from one of the Big Four accounting firms in Australia, which used an earnings multiple approach.
Platinum Blasting Services, a step-down subsidiary of Deepak Fertilisers, has been a significant player in the mining sector, offering a range of services in blasting and explosives for mining operations. The increased ownership reinforces Deepak Fertilisers’ strategy of shifting from a commodity-focused business model to a more diversified and holistic mining solutions provider.
The share acquisition has been confirmed by Platinum Blasting Services Pty Ltd., and the transfer of shares was approved on 17th February 2025.
This move is expected to strengthen Deepak Fertilisers’ presence in the Australian market and enhance its mining operations globally.
