Board of DCM Shriram approves investment for captive power and expansion purpose

20 May 2022 , 01:31 AM

The Board of DCM Shriram at its meeting held on 17 May 2022 has approved an equity investment of Rs 65 crore for minimum 26Percentage equity stake in a Special Purpose Vehicle to be created for setting up a Wind Solar Hybrid renewable power project The company will get 50 MW of renewable power supply from the SPV The Board also approved an investment of upto Rs 5710 crore to manufacture sulphate of potash K2SO4 with a capacity of 4600 TPA at its Hariawan UP sugar facility