Partnership30 Oct 2024, 11:38 pm
DCM Shriram Limited Declares 100% Interim Dividend and Approves Capex Proposals Worth Rs. 459 Crores
AI Summary
DCM Shriram Limited, a leading Indian conglomerate, announced its unaudited financial results for the quarter and half year ended on September 30, 2024. The company's revenue from operations stands at Rs. 6,040.03 crores for the half year and Rs. 11,119.61 crores for the quarter. The company has declared an interim dividend of 100% (Rs. 2/- per equity share) for the financial year 2024-25. The record date for the dividend is November 11, 2024. Furthermore, the company has approved capital expenditure proposals worth Rs. 459 crores for various projects.
Key Highlights
- DCM Shriram Limited has declared an interim dividend of 100% for the financial year 2024-25.
- The company's revenue from operations for the half year and quarter ended on September 30, 2024, stands at Rs. 6,040.03 crores and Rs. 11,119.61 crores respectively.
- The company has approved a capex proposal of Rs. 310 crores for setting up a Wind Solar Hybrid renewable power project.
- A capex proposal of Rs. 310 crores has been approved for setting up an additional Aluminium Chloride facility of 100 TPD and a new granulated Calcium chloride facility of 225 TPD at Jhagadia in Bharuch.
- The company has also approved a capex proposal of Rs. 149 crores for an Aluminium Extrusion & Surface Finish Project at Kota.