New Delhi, July 15 -- Shares of Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) surged nearly 6 percent in intra-day trade on Tuesday, July 15, after the company signed a major long-term LNG supply deal worth Rs.1,200 crore with Petronet LNG. The strategic partnership is set to bolster energy security for the company's under-construction greenfield ammonia plant in Maharashtra.

Under the 20-year agreement, Petronet LNG will supply around 0.45 million tonnes per annum (mtpa) of liquefied natural gas to Deepak Fertilisers, starting in 2025 and continuing through 2045. This move is aimed at ensuring consistent access to a vital raw material for ammonia production, while also improving cost visibility and reducing dependency on...