DCM Shriram’s Board has approved the capital expenditure plan of Hindusthan Specialty Chemicals (HSCL), a wholly owned subsidiary of the company. HSCL will invest Rs 101 crore towards augmenting its Formulated Resins (FR) capacity by 36,000 TPA, thereby expanding its total FR capacity to 50,000 TPA.
The Board has also approved the financial assistance to HSCL of upto Rs 100 crore through a mix of Equity & Debt. HSCL forms part of the Advanced Materials portfolio of Chemicals business of the company.
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.
