DCM Shriram Limited approves ₹217 crore investment for 48 MW renewable energy project at Bharuch plant

The total investment approved is ₹217 crore. The investment is divided into an equity investment of up to ₹87 crore and capital expenditure of up to ₹130 crore. DCM Shriram Limited will acquire a minimum 26 percent stake in one or more Special Purpose Vehicles (SPVs). The project is projected to deliver approximately 30 MW of round-the-clock power. The Bharuch plant's peak renewable power capacity will increase from 50.4 MW to about 98.4 MW after the expansion. A 15 MW solar power project was successfully commissioned at the same complex in 2023. Quote: 'The company’s Board of Directors has approved a total investment of ₹217 crore as part of its strategy to strengthen the use of clean power in its industrial operations.' Quote: 'The approved investment has been divided into two major components. The first part includes an equity investment of up to ₹87 crore.' Quote: 'The second component of the investment involves capital expenditure of up to ₹130 crore.' Quote: 'This amount will be used to acquire a minimum 26 percent stake in one or more Special Purpose Vehicles (SPVs) that will develop and operate the renewable power project.' Quote: 'This capacity is projected to deliver approximately 30 MW of round-the-clock power, based on an estimated capacity utilization factor of 75 percent.' Quote: 'The facility currently has a peak renewable power capacity of 50.4 MW, which will rise to about 98.4 MW after the expansion is completed.' Quote: 'This initiative follows the successful commissioning of a 15 MW solar power project at the same complex in 2023, further strengthening the company’s commitment to clean energy adoption.'