DCM Shriram signs agreement for 58 MW renewable energy project
after close1 source ↓written by the desknot a recommendation
- will increase DCM
- ₹105 cr
- across its sites
- 176 MW
- in Serentica Renewables
- 26% equity stake
DCM Shriram Limited has signed a definitive agreement with Serentica Renewables for a 58 MW peak hybrid renewable energy project in Bharuch, Gujarat. This investment of up to ₹105 cr will increase DCM Shriram's total renewable capacity to 176 MW across its sites by June 2027. This move supports the company's strategy to enhance its clean energy footprint.
• 26% equity stake in Serentica Renewables
• Significant expansion of renewable energy base
• Expected commissioning by June 2027
This agreement may bolster investor sentiment towards DCM Shriram's sustainability initiatives.
Not investment advice. For informational purposes only.