1 month ago
DCM Shriram Expands Renewable Energy Capacity
DCM Shriram Ltd is teaming up with Serentica Renewables to build a big new renewable energy project.
This project will help DCM Shriram use more clean energy for its factories in Bharuch and Kota.
The new project will add 58 MW of power, making their total renewable energy capacity 176 MW.
DCM Shriram will invest ₹105 crore to own a part of the project.
This new energy will come from solar panels in Rajasthan and wind turbines in Karnataka.
The project is expected to start by June 2027.
It will help reduce harmful emissions and make the company's energy costs more stable.
This is a big step towards making their business more sustainable and efficient.
DCM Shriram Ltd will expand its renewable energy capacity to 176 MW (peak) with a new 58 MW hybrid project in Bharuch.
The project, expected to be commissioned by June 2027, will support the company's energy-intensive chemical operations.
DCM Shriram will invest up to ₹105 crore to acquire a minimum 26% equity stake in Serentica Renewables India 38 Pvt Ltd.
The project aims to avoid nearly 0.4 million tonnes of CO₂ emissions annually and improve cost efficiency.
The renewable power will be supplied through a 190 MW project comprising solar power from Rajasthan and wind power from Karnataka.
- Who
- DCM Shriram Ltd and Serentica Renewables India 38 Pvt Ltd
- What
- Development of a 58 MW hybrid renewable energy project
- Where
- Bharuch, Gujarat; Rajasthan; Karnataka
- When
- Project expected to be commissioned by June 2027
- Why
- To support energy-intensive chemical operations, expand renewable energy share, and improve cost efficiency
Environmental Benefits
Financial Benefits
Emissions Reduction
Environmental Benefits
The project will avoid nearly 0.4 million tonnes of CO₂ emissions annually, significantly reducing the company's carbon footprint.
Financial Benefits
Reducing emissions aligns with regulatory trends, potentially lowering future compliance costs.
Cost Efficiency
Environmental Benefits
Increased use of renewable power supports long-term environmental sustainability.
Financial Benefits
The project provides greater visibility into long-term power costs and reduces exposure to fluctuations in conventional energy prices, improving cost efficiency.
Key facts
- Project Capacity
- 58 MW (peak)
- Total Renewable Capacity
- 176 MW (peak)
- Investment Amount
- ₹105 crore
- Equity Stake
- Minimum 26%
- Project Commissioning Date
- June 2027
- Expected Emissions Reduction
- 0.4 million tonnes of CO₂ annually
- Project Components
- Solar power from Rajasthan and wind power from Karnataka
Quotes
Sabaleel Nandy
Executive Director and CEO, DCM Shriram Chemicals
“The agreement is a strategic step in expanding the share of renewable energy across our chemical operations in Bharuch and our ongoing efforts towards making the business more sustainable.”
thehindubusinessline.com
Sources
Related news
PM Modi to Attend IIT Delhi Convocation, Inaugurate AI Supercomputer
Bengaluru Engineers Develop Affordable AI PC KEO
PM Modi Unveils Param Pragya AI Supercomputer at IIT Delhi
ASUS Expands TUF Gaming Laptops in India With New Models
Extraction 3 Cast Adds Pierce Brosnan, Don Lee, and More
Dell Unveils AI-Focused Commercial Portfolio for Indian Enterprises
Vibrant Gujarat 2027 Summit Targets Investment Across Key Sectors
How older neighbourhoods across India are embracing redevelopment
India Imposes MIP on S-PVC Resin
DCM Shriram Q1 Profit Jumps 6x
