The board of DCM Shriram approved equity investment of up to ₹18 crore in one or more tranches at its meeting held on 19 June 2026. According to reports from Business Standard and Angel One, this investment will be used to obtain additional 10 MW renewable power supply, bringing the company's total renewable power capacity to 58 MW. The board meeting commenced at 11:00 a.m. and concluded at 11:25 a.m., as disclosed in the regulatory filing submitted to the National Stock Exchange of India. This latest approval takes the company's total renewable power investment to ₹105 crore, representing the cumulative investment made by the company in renewable power sourcing. The investment will be made through one or more special purpose vehicles as part of the renewable energy procurement framework.
The new investment will increase DCM Shriram's Bharuch Plant's total renewable power supply to approximately 108 MW. As reported by Business Standard and Angel One, this expansion represents a significant addition to the company's renewable energy portfolio, demonstrating the company's commitment to sustainable energy sourcing. The move aligns with the company's efforts to increase the share of clean energy in its operations and improve energy sustainability. The renewable power sourced through the approved investments will increase from around 48 MW to nearly 58 MW, with the additional renewable energy allocation raising the Bharuch plant's total renewable power supply to approximately 108 MW.
DCM Shriram shares surged 1.31% on the NSE to ₹1,053.50 following the board approval announcement. According to latest market data, this positive market response reflects strong investor confidence in the company's renewable energy expansion strategy. The investment will help secure extra renewable power for the Bharuch facility, supporting higher green power usage at the facility and enhancing the company's sustainable operations profile. The market reaction demonstrates investor appreciation for the company's commitment to sustainable energy sourcing and strategic expansion in renewable power capacity.
The approved investment will take the company's total renewable power investment to ₹105 crore. According to Business Standard and Angel One, this represents the cumulative investment made by the company in renewable power sourcing, reflecting the strategic importance of renewable energy in the company's power supply strategy. The fresh investment is in addition to the previously approved ₹87 crore commitment announced in March 2026, which was aimed at acquiring approximately 48 MW of additional renewable power. The company had previously approved an investment of up to ₹87 crore for a minimum 26% equity stake in one or more Special Purpose Vehicles.
The details of this investment, in compliance with Regulation 30 of SEBI Listing Regulations and the relevant SEBI Circular, will be disclosed once the specifics and other terms are finalised. As per the regulatory filing, this announcement represents part of the company's ongoing strategy to enhance its renewable energy capabilities and sustainable power sourcing initiatives. DCM Shriram noted that detailed information regarding the investment proposal and related terms will be disclosed separately once the arrangements are finalised, ensuring proper regulatory compliance throughout the investment process.
