DCM Shriram Signs Agreement for 58 MW Renewable Energy for Bharuch Plant
DCM Shriram Limited signed a definitive agreement with Serentica Renewables India 38 Private Limited on July 17, 2026, for 58 MW of renewable power for its Bharuch plant. The company will invest up to ₹105 crore for a 26% stake. The project, expected by June 2027, will increase total renewable capacity to 176 MW and reduce CO₂ emissions.
The investment of up to ₹105 crore for a 26% stake in a renewable energy project will enhance the company's sustainability profile and potentially improve long-term cost efficiency, impacting operations and environmental footprint.
The agreement to secure renewable energy is a positive step towards sustainability, cost efficiency, and reduced exposure to conventional energy price fluctuations, aligning with the company's ESG goals.
DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India 38 Private Limited on July 17, 2026, to secure approximately 58 MW of additional renewable power supply for its Bharuch plant. This initiative is part of a total equity investment of up to ₹105 crore in one or more tranches, aimed at acquiring a minimum 26% equity stake in special purpose vehicles for this purpose. With this addition, DCM Shriram's total renewable power capacity across its Bharuch and Kota sites will reach 176 MW (peak).
The agreement involves DCM Shriram acquiring a 26% stake in Serentica Renewables India 38 Private Limited, which is in the renewable energy business. The primary objective is to fulfill group captive generation requirements under the Electricity Act. The acquisition is expected to be completed by June 30, 2027, with a cash consideration of Rs. 104.4 crore.
Mr. Sabaleel Nandy, Executive Director & CEO, DCM Shriram Chemicals, stated that this agreement is a strategic step to increase renewable energy usage, improve cost efficiency, and reduce exposure to conventional energy price fluctuations. Mr. Akshay Hiranandani, CEO of Serentica Renewables, highlighted that the partnership supports India's industrial decarbonization by supplying reliable and sustainable energy. The project is anticipated to avoid nearly 0.4 million tonnes of CO₂ emissions annually.
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DCM Shriram Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by DCM Shriram Limited. Read the original for the full detail.