Rs 1,000 crore to be infused by DCM Shriram into its chemicals business
Tue, Jan 19, 2021 7:05 PM

Rs 1,000 crore to be infused by DCM Shriram into its chemicals business

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DCM Shriram is planning to invest Rs 1,000 crore into its chemicals business. The money will be raised internally from DCM Shiriam's operating cash flow and capex. With an annual turnover of Rs 7,767 crore, the company's board approved the investment for its facility in Bharuch in Gujarat. The new development will increase its production capacity of aluminium chloride from 60 to 150 tonnes a day.

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