DCM Shriram has received an approval from the Board of Directors for an equity investment of up to Rs. 65 crore for minimum 26% equity stake in a Special Purpose Vehicle to be created for setting up a Wind Solar Hybrid renewable power project. DCM Shriram will get around 50 MW of Renewable Power supply (around 25 MW round the clock) from the SPV.
The Board also approved an investment of up to Rs. 57.10 crore to manufacture Sulphate of Potash (K2SO4) with a capacity of 4,600 TPA at its Hariawan (U.P.) sugar facility. The objective is to optimize the circular economy and derive value from by-products.
DCM Shriram is engaged in the business of fertilizer, sugar and caustic soda.
