Acquisition

DCM Shriram is investing Rs 104.4 Cr to acquire a 26% stake in Serentica Renewables India 38 Pvt. Ltd. This strategic move secures ~58 MW of additional renewable power for its Bharuch plant, significantly boosting its total green energy capacity to 176 MW.

The acquisition enhances DCM Shriram's clean energy base, aiming for improved cost efficiency by reducing reliance on conventional power.

It also provides greater visibility into long-term power costs and will significantly cut CO2 emissions, driving sustainable operations.