DCM Shriram approves additional Rs 18 cr investment for renewable power

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AI summary

DCM Shriram's Board approved additional equity investment of up to Rs 18 crores in SPVs for about 10 MW more renewable power supply for its Bharuch Plant. Total approved investment now stands at Rs 105 crores for about 58 MW, raising Bharuch Plant's total renewable power supply to about 108 MW. Minimum 26% equity stake. Investment in tranches. This follows an earlier March 2026 approval of Rs 87 crores.

Likely market impact

Positive for ESG profile and energy cost savings at Bharuch Plant. Renewable power capacity at Bharuch set to rise to about 108 MW.