DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India Pvt Ltd for the development of a 58 MW hybrid renewable energy project to support the power requirements of its chlor-alkali operations in Bharuch, Gujarat. The project, expected to be commissioned by June 2027, will increase DCM Shriram Chemicals’ renewable energy capacity from 118.4 MW to 176.4 MW, further strengthening the company’s clean energy portfolio and sustainability roadmap.
Under the agreement, DCM Shriram Chemicals will invest up to ₹105 crore in one or more tranches to acquire a minimum 26% equity stake in Serentica Renewables India Pvt Ltd. The renewable power project will comprise a 190 MW hybrid renewable energy installation, including solar capacity from Rajasthan and wind capacity from Karnataka, enabling the supply of reliable, round-the-clock renewable energy to DCM Shriram Chemicals’ Bharuch facility.
Commenting on the development, Sabaleel Nandy, Executive Director & CEO, DCM Shriram Chemicals, said, “The expansion of renewable energy capacity is a strategic priority for DCM Shriram Chemicals as we continue to enhance operational efficiency and build a sustainable manufacturing platform. Securing 58 MW of reliable renewable energy will improve long-term power cost visibility, strengthen business resilience and support our commitment towards reducing the carbon intensity of our operations.”
The project is expected to help avoid nearly 0.4 million tonnes of CO₂ emissions annually, contributing to DCM Shriram Chemicals’ ongoing efforts to increase renewable energy adoption, improve energy efficiency and advance its sustainability objectives. Akshay Hiranandani, CEO, Serentica Renewables, said, “We are pleased to partner with DCM Shriram Chemicals in supporting its transition towards clean energy. Through our firm dispatchable renewable energy solutions, we aim to provide reliable and sustainable power that enables India’s industrial sector to accelerate its decarbonisation journey.”
The partnership aligns with DCM Shriram Chemicals’ long-term strategy of investing in sustainable growth, enhancing resource efficiency and developing future-ready manufacturing capabilities. The company continues to focus on integrating renewable energy, technology-led transformation and responsible practices across its operations.
DCM Shriram Limited is a diversified business conglomerate with operations across Agri-Rural Business, Chlor-Vinyl Business and Value-Added Businesses. The company is committed to creating sustainable value through innovation, operational excellence and responsible growth.
DCM Shriram Chemicals, part of DCM Shriram Limited, is one of India’s leading chlor-alkali manufacturers with manufacturing facilities in Jhagadia, Gujarat and Kota, Rajasthan. Its portfolio includes caustic soda, chlorine derivatives, epoxy resins, epichlorohydrin, hydrogen and hydrochloric acid, serving critical industries including textiles, pharmaceuticals, chemicals and water treatment.
Serentica Renewables is a renewable independent power producer focused on providing firm dispatchable renewable energy solutions for hard-to-abate industries. The company develops integrated renewable energy projects using solar, wind, energy storage and balancing solutions to enable reliable clean power supply and accelerate industrial decarbonisation.
