Deals17 Jul 2026, 07:10 pm
DCM Shriram signs agreement for 58 MW renewable power
AI Summary
DCM Shriram Ltd. has entered into a definitive agreement with Serentica Renewables India 38 Private Limited to secure approximately 58 MW of additional renewable power for its Bharuch plant. This strategic move involves an equity investment of up to ₹105 crore for a minimum 26% stake in the special purpose vehicle. Upon commissioning by June 2027, DCM Shriram's total renewable power capacity across its Bharuch and Kota sites will reach 176 MW (peak), significantly enhancing its clean energy footprint and sustainability efforts in its chemical operations.
Key Highlights
- Agreement signed with Serentica Renewables for 58 MW renewable power.
- Investment of up to ₹105 crore for a 26% equity stake.
- Total renewable power capacity to increase to 176 MW (peak).
- Project expected to be commissioned by June 2027.
- Enhances sustainability of chemical operations in Bharuch.
Price Impact
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