DCM Shriram Ltd, a producer of Chlor Alkali, has recently entered into an agreement with the Government of Gujarat. The agreement entails an intended investment of Rs 12,000 crore in the production of chemical and petrochemical products in Bharuch, Gujarat by the year 2028.
DCM Shriram Ltd stands as a diversified conglomerate rooted in India, tracing its legacy back to the late 19th century. Known for its multifaceted operations, the company thrives in various sectors, prominently excelling in agri-rural businesses, chlor-alkali, and value-added businesses. With a robust presence in sugar, farm inputs, bio-seeds, and bio-products, DCM Shriram Ltd demonstrates an unwavering commitment to innovation and sustainability. Their expertise extends beyond conventional boundaries, marked by a steadfast focus on delivering quality products and services. Embracing cutting-edge technologies and fostering a culture of excellence, the company remains a stalwart in contributing significantly to India’s economic landscape while upholding strong ethical values and corporate governance standards.
On Wednesday, amidst a ceremonious gathering that was an integral part of the Vibrant Gujarat Global Summit scheduled for January 10-12, a significant announcement emerged from the company’s camp. In the presence of Chief Minister Bhupendra Patel, the company revealed that it had formalized an agreement, signing a Memorandum of Understanding (MoU) with the Gujarat government. This pivotal agreement, celebrated during the ceremony, reflects a collaborative effort aimed at fostering mutual objectives between the corporation and the government of Gujarat. DCM Shriram announced the signing of a Memorandum of Understanding (MoU) with the Government of Gujarat, outlining their commitment to inject an estimated Rs 12,000 crore into the production of chemical and petrochemical goods in Bharuch by the year 2028. This substantial investment, as stated by the company, signifies their intent to bolster manufacturing activities in the region, highlighting their long-term dedication to the industry’s growth and development within the specified timeframe.
DCM Shriram presently operates substantial Chlor Alkali facilities situated in Bharuch, Gujarat. The company is focused on augmenting the current capacities of these facilities while concurrently diversifying its Chlor Alkali portfolio through the addition of new products. DCM Shriram engages in more than just the chlor-vinyl business; the company also operates within the spheres of agri-rural and value-added sectors. Their endeavors extend beyond chlor-vinyl, encompassing diverse activities within agri-rural and value-added industries.
DCM Shriram’s diverse business portfolio encompasses various sectors, ranging from its Chlor-Vinyl Business, which includes the production of Caustic Soda, Chlorine, Aluminium Chloride, Calcium Carbide, PVC Resins, PVC Compounds, Power, and Cement, to its AgriRural Business focusing on Urea, Sugar, Ethanol, and a comprehensive Farm Solution Business that covers a wide spectrum of inputs along with R&D-based Hybrid Seeds. Additionally, within its Value Added Business division, the company operates Fenesta Building Systems, specializing in the manufacture of UPVC and Aluminium Windows and doors.
