DCM Shriram partners with Serentica on 58-MW hybrid project
Type: Partnership · Technology: Hybrid · Country: India · Capacity: 58 MW · Announced: 2026-07-21
DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India 38 to develop a 58-megawatt (MW) peak hybrid renewable energy project in Bharuch, Gujarat. Under the agreement, DCM Shriram Limited will invest $10.9m (₹1.05b) in one or more tranches to acquire a minimum 26% equity stake in Serentica Renewables. The project is expected to avoid nearly 400,000 tonnes of carbon dioxide emissions annually and help improve energy cost efficiency. Upon completion, DCM Shriram’s total renewable energy capacity will rise to 176 MW across its two sites in Bharuch and Kota. The project is expected to be commissioned by June 2027.
Analysis
DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India 38 to develop a 58-MW peak hybrid renewable energy project in Bharuch, Gujarat. New Delhi-based DCM Shriram Limited is a diversified Indian conglomerate with over 10,000 employees, primarily engaged in manufacturing chemicals, cement, and building materials. Under the agreement, DCM Shriram Limited will invest $10.9m (₹1.05b) to acquire a minimum 26% equity stake in Serentica Renewables. The project is expected to be commissioned by June 2027 and will increase DCM Shriram’s total renewable energy capacity to 176 MW across its two sites in Bharuch and Kota.
Key points
- DCM Shriram Limited partnered with Serentica Renewables India 38.
- The project is a 58-MW peak hybrid renewable energy project in Bharuch, Gujarat.
- DCM Shriram Limited will invest $10.9m (₹1.05b) for a minimum 26% equity stake.
- The project is expected to be commissioned by June 2027.
- Upon completion, DCM Shriram’s total renewable energy capacity will rise to 176 MW.
Counterparties
- DCM Shriram Limited (Partner)
- Serentica Renewables India 38 (Partner)
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