DCM Shriram Ltd to invest Rs 12,000 crore by 2028 in Gujarat
January 09, 2024
Gandhinagar: DCM Shriram Ltd. has recently signed a Memorandum of Understanding (MoU) with the Gujarat government for a potential investment of Rs 12,000 crore by the year 2028, ahead of the Vibrant Gujarat Summit 2024.
The primary sectors earmarked for this substantial investment include agri-business, chemicals, and cement. DCM Shriram’s initiative aligns with the state’s vision for industrial expansion, job creation, and sustainable development.
The Memorandum of Understanding (MoU) was formally executed during a ceremony held in state capital, on January 3, in the presence of Chief Minister Bhupendrabhai Patel, along with other ministers and senior officials from the state government.
DCM Shriram, which currently operates significant Chlor Alkali facilities in Bharuch, Gujarat, aims to enhance the existing capacities and diversify its Chlor-Alkali portfolio by introducing new products, as mentioned in the release. DeshGUjarat
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