DCM Shriram to Acquire Hindusthan Specialty Chemicals for Rs 3.75 Bn

16 Jun 2025 CW Team

DCM Shriram has announced plans to acquire a 100 per cent stake in Hindusthan Specialty Chemicals (HSCL) for Rs 3.75 billion, marking its foray into the advanced materials segment. The board approved the transaction on June 12.

The acquisition aligns with the company’s strategy to expand its footprint in the chemicals sector by leveraging synergies between HSCL’s portfolio and DCM Shriram’s existing operations. A definitive agreement will be signed, subject to customary and regulatory clearances.

In February 2024, DCM Shriram had earmarked Rs 10 billion for developing its epoxy and advanced materials business under the chemicals strategic business unit.

HSCL, an unlisted subsidiary of Hindusthan Urban Infrastructure, operates a 43-acre manufacturing facility at Jhagadia in Gujarat’s Bharuch district. Located 3.5 km from DCM Shriram’s existing chemicals complex, the site offers potential for operational integration.

In FY25, HSCL posted a turnover of over Rs 2.74 billion and has a liquid epoxy resin capacity of more than 17,000 KTPA. Its portfolio includes liquid epoxy resins, hardeners, reactive diluents, solvent cuts, and formulated resins used in aerospace, electronics, renewable energy, electric vehicles, defence, and composite sectors.

DCM Shriram’s leadership termed the acquisition a strategic milestone in its chemicals growth plan, enabling forward integration with its chlor-alkali platform and tapping into opportunities in emerging sectors such as renewables, mobility, and aerospace.

News source: CNBC TV18

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..