
Investment9 Dec 2024, 10:28 pm
DCM Shriram Limited Invests Rs. 60 Crores in JSW Renew Energy Thirty Two Limited for 68 MW RE Power Project
AI Summary
DCM Shriram Limited has entered into a Definitive Agreement with JSW Renew Energy Thirty Two Limited to invest up to Rs. 60 crores in one or more Special Purpose Vehicles for setting up a Wind Solar Hybrid renewable power project. This project aims to replace existing coal-based 40 MW power with 68 MW RE Power. The investment is part of the company's strategy to diversify its energy sources and reduce its carbon footprint. The project is expected to be completed by March 2026.
Key Highlights
- DCM Shriram Limited to invest up to Rs. 60 crores in JSW Renew Energy Thirty Two Limited
- Investment aims to set up a Wind Solar Hybrid renewable power project
- Project to replace existing coal-based 40 MW power with 68 MW RE Power
- Investment is part of the company's strategy to diversify its energy sources and reduce its carbon footprint
- Project expected to be completed by March 2026