To fund JV ops via internal accruals, debt: Deepak Fert.

Deepak Fertilisers has formed a joint venture with Australian firm to provide mining services in Brisbane. The JV, to be called Platinum Blasting Services Pty Ltd., will invest around 30 million Australian dollar over the next two years, through a mix of debt and equity, Deepak Fertilisers said in a statement. The JV is executed through Deepak Fertilisers' arm Smartchem Technologies, which will hold 65 percent stake, while the Australian company will hold the remaining 35 percent. In an interview to CNBC-TV18, Carl-Anders Lindgren, President of Deepak Fertilisers, said the company will export technical ammonium nitrate from Australia and will fund the JV ops via both internal accruals and debt.

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