Archive · 13 Jun 2025
DCM Shriram to Acquire Hindusthan Specialty Chemicals for ₹375 Crore
DCM Shriram, a company that makes sugar and seeds, is buying Hindusthan Specialty Chemicals (HSCL) for ₹375 crore.
HSCL makes chemicals used in things like airplanes, electronics, and electric vehicles.
The deal needs to be approved by the government.
HSCL has a factory in Gujarat, close to an existing DCM Shriram chemical plant, which should make things easier.
HSCL made over ₹274 crore last year.
This is a big step for DCM Shriram, helping them move into making more advanced materials.
DCM Shriram will acquire Hindusthan Specialty Chemicals (HSCL) for ₹375 crore.
The acquisition is subject to regulatory and customary approvals.
HSCL's production facility is in Jhagadia, Gujarat, near DCM Shriram's existing complex.
HSCL's revenue was over ₹274 crore in 2024-25.
The acquisition marks DCM Shriram's entry into advanced materials.
- Who
- DCM Shriram is acquiring HSCL.
- What
- DCM Shriram is acquiring Hindusthan Specialty Chemicals.
- When
- Published on June 13, 2025, with HSCL reporting 2024-25 revenue.
- Where
- HSCL's production facility is in Jhagadia, Bharuch district, Gujarat.
- Why
- To expand DCM Shriram's chemical business into advanced materials.
- Acquisition Value
- ₹375 crore
- Acquirer
- DCM Shriram
- Target
- Hindusthan Specialty Chemicals Ltd (HSCL)
- Location of HSCL Facility
- Jhagadia, Bharuch district, Gujarat
- HSCL Revenue (2024-25)
- Over ₹274 crore
- HSCL Product Capacity
- Liquid epoxy resin capacity exceeding 17,000 tonnes per annum