DCM Shriram Signs MoU With Government Of Gujarat To Invest ₹12,000 Cr By 2028

DCM Shriram Signs MoU With Government Of Gujarat To Invest ₹12,000 Cr By 2028

The shares of DCM Shriram Ltd on Thursday at 3:30 PM IST closed at Rs 1,141, up by 9.89 per cent.

FPJ Web DeskUpdated: Thursday, January 04, 2024, 03:47 PM IST
article-image
DCM Shriram Signs MoU With Government Of Gujarat To Invest ₹12,000 Cr By 2028 | Representative image

DCM Shriram Ltd, India’s second largest Chlor Alkali manufacturer, signed a Memorandum of Understanding with the Government of Gujarat to invest a proposed Rs 12,000 Crore in manufacturing of Chemical and Petrochemicals products in the Bharuch by 2028, the company on Thursday announced through an exchange filing.

The MoU was signed in a ceremony held at Gandhinagar, Gujarat on 3rd January 2024 in the presence of Hon’ble CM Shri Bhupendrabhai Patel along with other ministers and senior officials from the state government. The ceremony was a part of Vibrant Gujarat Global Summit 2024 which will take place on 10-12th January 2024 in Mahatma Mandir, Gandhinagar, Gujarat.

DCM Shriram currently has significant Chlor Alkali facilities in Bharuch, Gujarat and aims at increasing the existing capacities while adding new products to its ChlorAlkali portfolio.

DCM Shriram Ltd shares

The shares of DCM Shriram Ltd on Thursday at 3:30 PM IST closed at Rs 1,141, up by 9.89 per cent.

RECENT STORIES

Maharashtra: CGST Cracks Down On 70 Shell Companies In Palghar, Busting ₹48.08 Crore Bogus ITC...

Maharashtra: CGST Cracks Down On 70 Shell Companies In Palghar, Busting ₹48.08 Crore Bogus ITC...

Data vs Perception: Debunking Myths About India's GST Burden

Data vs Perception: Debunking Myths About India's GST Burden

SEBI Orders Probe Into Trafiksol IPO Disclosures; Halts Listing On BSE SME Platform

SEBI Orders Probe Into Trafiksol IPO Disclosures; Halts Listing On BSE SME Platform

JSW Energy Subsidiary Enters 40-Year Agreement With MSEDCL For 1,500 MW Pumped Hydro Energy Storage...

JSW Energy Subsidiary Enters 40-Year Agreement With MSEDCL For 1,500 MW Pumped Hydro Energy Storage...

McLaren W1: A Marvel Redefining Speed

McLaren W1: A Marvel Redefining Speed