DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India Private Limited for the development of a 58 MW hybrid renewable energy power project, primarily for its energy-intensive business in Bharuch, Gujarat. Upon completion, DCM Shriram Chemicals’ total renewable energy capacity will rise from 118.4 MW to 176.4 MW, significantly expanding its clean energy base. The project is expected to be commissioned by June 2027. Under the agreement, DCM Shriram Chemicals will invest up to Rs 1.05 billion in one or more tranches to acquire a minimum 26 per cent equity stake in Serentica Renewables India.
