DCM Shriram Ltd. Signs Definitive Agreement with Serentica Renewables to

#DCMShriram #SerenticaRenewables #RenewableEnergy #CleanEnergy #IndustrialDecarbonization #Sustainability #GreenPower #ChemicalIndustry #HybridPowerUnit

“Sustainability and carbon reduction are also integral to how we operate at DCM Shriram Chemicals. The project is expected to help avoid nearly 0.4 million tonnes of CO₂ emissions annually while increasing the share of renewable power available to our Bharuch operations. It will support our efforts to lower the carbon intensity of the business and pursue growth more responsibly and sustainably.” - Sabaleel Nandy, Executive Director & CEO - DCM Shriram Chemicals

July 2026 : DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India Pvt. Ltd. to develop a 58 MW hybrid renewable energy power project. Designed primarily to fuel DCM Shriram’s energy-intensive chemicals business in Bharuch, Gujarat, the initiative marks a significant step forward in building a cleaner, more sustainable manufacturing base.

Upon its scheduled completion by June 2027, the project will elevate DCM Shriram Chemicals’ total renewable capacity from 118.4 MW to 176.4 MW. As part of the arrangement, DCM Shriram Chemicals will invest up to Rs. 105 crores in one or more tranches to acquire a minimum 26% equity stake in Serentica Renewables India Pvt. Ltd. The power will be delivered through a 190 MW hybrid setup combining solar generation from Rajasthan and wind energy from Karnataka.

Commenting on the development, Mr. Sabaleel Nandy, Executive Director & CEO, DCM Shriram Chemicals, said, “The agreement is a strategic step in expanding the share of renewable energy across our chlor-alkali operations in Bharuch. Power is one of the most significant cost inputs for this business, and securing 58 MW of reliable, round-the-clock renewable energy will help improve cost efficiency, provide greater visibility into long-term power costs and reduce exposure to fluctuations in conventional energy prices. It will also strengthen operational resilience and support our broader growth and sustainability commitments by creating a cleaner and more competitive energy base for the business.”

“Sustainability and carbon reduction are also integral to how we operate at DCM Shriram Chemicals. The project is expected to help avoid nearly 0.4 million tonnes of CO₂ emissions annually while increasing the share of renewable power available to our Bharuch operations. It will support our efforts to lower the carbon intensity of the business and pursue growth more responsibly and sustainably,” added Mr. Nandy.

Commenting on the partnership, Mr. Akshay Hiranandani, CEO, Serentica Renewables, said, “Our partnership with DCM Shriram Chemicals marks another significant step in advancing India’s industrial decarbonization journey. Through a 190 MW renewable energy project comprising solar power from Rajasthan and wind power from Karnataka, we will supply 58 MW of round-the-clock renewable power to DCM Shriram Chemicals Bharuch plant, enabling reliable and sustainable energy for its operations.’’

Pro MFG Media Newsletter

Get regular manufacturing insights that matter and enable business.