DCM Shriram has received an approval to make an investment of Rs 1070 crore at Bharuch (Gujarat) Plant. The Board of Directors of the Company in their meeting held on January 29, 2018, approved the same.
The company has decided to expand the capacity of its Flaker Plant, Caustic Soda and Captive Power Plant by 500 TPD, 700 TPD and 120 MW, respectively.
The above projects are to be financed through internal generations and debts. All the said existing plant(s) are running at their full capacity (except routine maintenance shutdown) and the rationale for the capacity addition is to meet growing demand. This expansion will help in maintaining market share and deriving economies of scale.
DCM Shriram is engaged in the business of fertilizer, sugar and caustic soda.