DCM Shriram Board Approves ₹50 Cr Equity in JV Shriram Teknor

DCM Shriram's Board of Directors has approved an equity contribution of up to ₹50 crore in Shriram Teknor Limited (STL), a joint venture with Teknor Apex B.V. This investment is part of STL's ₹133 crore capital expenditure to set up new manufacturing lines for speciality PVC grades, medical grades, and Halogen-Free Flame Retardant (HFFR) grades. The total capital investment will be funded by ₹50 crore from each JV partner and the balance through STL's internal cash generation and debt. The Board also approved unaudited financial results for Q2 FY27, declared an interim dividend of 200% (₹4 per share), and approved other capital expenditures including ₹60 crore for filter presses at the Kota Cement Plant and ₹145 crore for a solar power plant at the Kota complex.