DCM Shriram Eyes 176 MW Renewable Energy Capacity Through New Hybrid Project.

DCM Shriram Ltd will expand its renewable energy capacity to 176 MW (peak) across its Bharuch and Kota facilities after signing a definitive agreement with Serentica Renewables India 38 Pvt Ltd to develop a 58 MW (peak) hybrid renewable energy project for its Bharuch operations in Gujarat.

The hybrid renewable energy project is scheduled to be commissioned by June 2027 and is expected to support the company's energy-intensive chemical operations while increasing the share of renewable energy in its overall power mix, the company said in a statement.

As part of the agreement, DCM Shriram will invest up to ₹105 crore, in one or more tranches, to acquire a minimum 26 per cent equity stake in Serentica Renewables India 38 Pvt Ltd.

The investment forms part of the company's broader strategy to enhance clean energy adoption, improve energy security and reduce its carbon footprint across manufacturing operations. Once operational, the new project will significantly strengthen DCM Shriram's renewable energy portfolio at its Bharuch and Kota plants.