DCM Shriram Invests ₹105 Crore in 58 MW Hybrid Wind-Solar Project for Green Chemical Production
whalesbook.comDCM Shriram has signed a deal to invest up to ₹105 crore for a 26% stake in a Serentica Renewables project that will supply 58 MW of hybrid wind and solar power to its Bharuch chemical plant. The project is expected to be commissioned by June 2027 and will help the company avoid around 0.4 million tonnes of CO2 emissions annually. This move is part of a broader strategy to reduce reliance on volatile grid power and lock in long-term energy costs for its energy-intensive operations. The hybrid project draws wind from Karnataka and solar from Rajasthan, feeding into a 190 MW total capacity. DCM Shriram's total renewable capacity will reach 176 MW across its Bharuch and Kota sites. For investors, the key monitorables are the project execution timeline and cross-state transmission hurdles, which could affect the planned cost savings.