DCM Shriram Ltd to Acquire 100% Stake of Hindusthan Specialty Chemicals Ltd for INR 375 Crores

DCM Shriram Ltd's board has approved the acquisition of full ownership of Hindusthan Specialty Chemicals Ltd (HSCL) for INR 375 crore. This move positions DCM Shriram for strategic expansion into the Advanced Materials segment, unlocking synergies with its existing chemicals portfolio, subject to regulatory and customary approvals. HSCL, an unlisted subsidiary of Hindusthan Urban Infrastructure Ltd, operates a modern production facility at Jhagadia, Bharuch district, Gujarat. The plant is located just 3.5 km from DCM Shriram’s existing chemicals complex, offering seamless synergies for integration and growth. In FY 2024-25, HSCL reported a turnover of over INR 274 crore, with a Liquid Epoxy Resin capacity exceeding 17,000 KTPA. Its advanced product portfolio includes liquid epoxy resins, hardeners, reactive diluents, solvent cuts, and formulated resins, catering to high-performance sectors such as aerospace, electronics, renewable energy, electric vehicles, defence, and composites.