DCM Shriram has received approval from board of directors for entering into a definitive agreement to acquire 100% equity share capital of four companies engaged in producing and selling industrial salt, as part of the same transaction. The entities are Shree Raj Salt and Chemical Works, Devjagan Salt Farm, Maruti Salt Farm and Manek Salt Works having salt works with 1077 acres of salt lease land in the State of Gujarat. The transaction is subject to customary regulatory approvals.
The objective of acquisition is to facilitate backward integration of the Company’s chemical business into salt. The said acquisition is expected to be completed by June 2026, subject to fulfilment of conditions specified in Definitive Agreement.
DCM Shriram runs two businesses energy intensive and agri business. The company is also the third largest manufacturer of Chlor-Alkali in the India. They have launched value added UPVC window system business under the Fenesta TM brand in India.
| Company Name | CMP |
|---|---|
| Grasim Industries | 2911.70 |
| DCM Shriram | 1304.80 |
| 3M India | 32458.15 |
| Hindustan Foods | 536.50 |
| Balmer Lawrie & Co | 196.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: