Investment12 Mar 2026, 04:41 pm
DCM Shriram Ltd to Invest up to Rs.87 Crores in Special Purpose Vehicles for Renewable Energy Power Project
AI Summary
DCM Shriram Ltd announced that its Board of Directors has approved an equity investment of up to Rs.87 crores in one or more tranches for a minimum 26% equity stake in one or more Special Purpose Vehicles. The investment aims to set up a Renewable Energy Power project for the company's Bharuch Plant and will enable the company to obtain ~ 48 MW of additional Renewable Power supply. The project is expected to be completed by June 2027. The company will provide further details once they are finalised.
Key Highlights
- DCM Shriram Ltd to invest up to Rs.87 crores in Special Purpose Vehicles
- Investment aims to set up a Renewable Energy Power project for the Bharuch Plant
- Project will provide ~ 48 MW of additional Renewable Power supply
- Expected completion of the project by June 2027
- Further details to be provided once finalised