DCM Shriram Approves Rs 217 Cr Renewable Energy Expansion

DCM Shriram Limited's Board approved up to Rs 87 crore equity investment in one or more Special Purpose Vehicles for minimum 26% stake, plus Rs 130 crore capital expenditure for related infrastructure at its Bharuch Plant.

Power Capacity Boost

The investment secures ~48 MW additional renewable energy supply (~30 MW round-the-clock at 75% Capacity Utilization Factor), elevating Bharuch Plant's total RE capacity from 50.4 MW peak to 98.4 MW.

Project Timeline

Completion targeted for June 2027, enhancing sustainable power provisions for operations. Board decision announced March 12, 2026.

Shares of DCM Shriram Limited was last trading in BSE at Rs. 1016.55 as compared to the previous close of Rs. 990.00. The total number of shares traded during the day was 3083 in over 363 trades.

The stock hit an intraday high of Rs. 1018.00 and intraday low of 965.75. The net turnover during the day was Rs. 3063113.00.

Source : Equity Bulls

Keywords

DCMShriram INE499A01024 RenewableEnergy Expansion