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DCM Shriram surges on signing agreement with ReNew Power

04 Aug 2022 Evaluate

DCM Shriram is currently trading at Rs. 1048.00, up by 40.90 points or 4.06% from its previous closing of Rs. 1007.10 on the BSE.

The scrip opened at Rs. 1005.60 and has touched a high and low of Rs. 1052.50 and Rs. 998.00 respectively. So far 4296 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1263.85 on 28-Apr-2022 and a 52 week low of Rs. 855.50 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 1024.00 and Rs. 953.05 respectively. The current market cap of the company is Rs. 16048.80 crore.

The promoters holding in the company stood at 66.52%, while Institutions and Non-Institutions held 11.84% and 21.64% respectively.

DCM Shriram and ReNew Power have signed two Captive Power Agreements (CPAs), to supply 50 MW of renewable energy from its two upcoming projects in Bhavnagar, Gujarat, to DCM Shriram’s Chlor-Alkali manufacturing facility in Bharuch district, Gujarat. The combined transaction is one of the largest corporate renewable power supply deals in India under an OpEx (operating expenses) with a captive model.

The 50-MW hybrid project, which overall has 100 MW of wind and solar generation capacity at its backend, is expected to generate 250 million units of renewable energy every year exclusively for the DCM Shriram, Bharuch facility. The CPAs have been signed for 25 years and will mitigate 2,25,000 tCO2e (carbon emissions) annually. ReNew will be setting up the two hybrid projects with a total investment of  Rs 800 crore through an equity partnership of Rs 63 crore by DCM Shriram.

DCM Shriram is engaged in the business of fertilizer, sugar and caustic soda.

DCM Shriram Share Price

1225.85 40.85 (3.45%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2718.25
DCM Shriram 1225.85
3M India 31394.15
Hindustan Foods 509.15
Balmer Lawrie & Co 176.20
View more..

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