Deepak Fertilizers & Petrochemicals enters into a Rs 1200 crore long term deal with Petronet LNG for securing the conversion of liquid natural gas into usable gas every year.

This deal is supposed to last for a duration of 5.5 years starting between May to July 2026 and ending December 31,2031.

Petronet will be converting 25.6 trillion British thermal units (TBTUs) of LNG at its Dahej terminal in Gujarat.

Moreover, reliable gas will ensure a stable and cost-effective energy supply, especially for ammonia and specialty chemicals and regasified LNG will be supplied to DFPCL’s manufacturing units in Taloja, Maharashtra.

The stock has surged by 3.51% by making a intraday high of Rs 1658 and currently trading at Rs 1622.95.