DCM Shriram will source 50 MW renewable energy from ReNew Power

08 Aug 2022 CW Team

DCM Shriram has committed to purchasing 50 MW of renewable energy from ReNew Power for its chlor-alkali production facility in Bharuch, Gujarat. DCM Shriram, a company that deals in chemicals, sugar, and fertilizers, and ReNew Power announced the signing of two captive power agreements.

According to a regulatory filing, the agreements call for the delivery of 50 MW of renewable energy from ReNew's two future projects in Bhavnagar, Gujarat, to DCM Shriram's chlor-alkali production facility in the Bharuch region.

Ajay S Shriram, senior managing director and chairman of DCM Shriram, said, “We as a group are committed to improving our energy footprint and this is a step in that direction.”

“With a long- term commitment towards ESG (environmental, social, and corporate governance), the captive power agreements for green energy have been signed for 25 years and will mitigate around 2,25,000 tCO2e (carbon emissions) annually," he added. The 50-MW hybrid project, which has over 100 MW of wind and solar producing capacity at its backend, is estimated to provide approximately 250 million units of renewable energy per year for the DCM Shriram's Bharuch site.

ReNew will establish the two hybrid projects with a total investment of roughly Rs 8 billion.

The DCM Shriram Group has revenue of Rs.98.49 billion. DCM Shriram's portfolio includes agri-rural businesses such as urea and sugar, as well as farm solution businesses that cover the entire range of agri-inputs and R&D hybrid seeds; chlor-vinyl businesses such as caustic soda, chlorine, calcium carbide, aluminium chloride, PVC resins, power, and cement; and value added businesses such as Fenestra Building Systems, which manufactures UPVC windows and doors.

Infrastructure Urban

07 Nov 2025

Piyush Goyal Boosts India–New Zealand Trade Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, is on an official visit to New Zealand to strengthen bilateral economic and trade relations between the two nations. The fourth round of India–New Zealand Free Trade Agreement (FTA) negotiations is currently underway in Auckland from 3 to 7 November 2025. At the India–New Zealand Business Forum, organised by the Auckland Business Chamber, Shri Goyal joined Hon. Todd McClay, Minister for Trade of New Zealand, for a Fireside Chat moderated by Mr Simon Bridges, CEO of the Auckland Business Chamber. Opening the session, Shri Goyal r..

India, Romania Strengthen Trade and Industry Cooperation

Minister of State for Commerce and Industry, Shri Jitin Prasada, led the Indian business delegation at the India–Romania Business Forum, organised by the Chamber of Commerce and Industry of Bra?ov (CCIBv) in partnership with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. The engagement focused on expanding bilateral investment and industrial cooperation between the two countries, bringing together business leaders from key sectors such as automotive, aerospace, defence, renewable energy, engineering services, a..

Maritime Security Seminar Strengthens Indian Ocean Cooperation

The Maritime Security Seminar, held as part of the Maritime Information Sharing Workshop (MISW) 25, concluded on 4 November 2025. The three-day workshop, themed “Enhancing Real-Time Coordination and Information Sharing Across the Indian Ocean Region,” is being hosted by the Information Fusion Centre – Indian Ocean Region (IFC–IOR) and has brought together over 57 participants from 30 countries, including representatives from the Indian Ocean Rim Association (IORA), Djibouti Code of Conduct/Jeddah Amendment (DCoC/JA), and the Bay of Bengal Initiative for Multi-Sectoral Technical and Eco..