Shares of DCM Shriram Ltd are buying and selling flat after touching a day’s excessive of Rs 1,180 on fifteenth October, at the same time as the corporate introduced on Tuesday (14th October) the commissioning of its Epichlorohydrin (ECH) plant with a capability of 35,000 tonnes each year (TPA) at its chemical advanced in Jhagadia, Bharuch district, Gujarat.
The commissioning happened yesterday at 2:00 PM. The corporate stated the remaining 17,000 TPA capability will probably be added quickly.
The brand new plant marks a key milestone for DCM Shriram’s chemical compounds enterprise. It strengthens the hyperlink between its chlor-alkali operations and superior supplies section. Epichlorohydrin (ECH), derived from chlorine, is used within the manufacturing of epoxy resins. These resins are integrated into coatings, adhesives, electronics, and composites.
What makes this challenge distinctive is its eco-friendly course of. Not like most world ECH vegetation, which use propylene, a fossil-based enter, DCM Shriram’s facility utilises glycerine. This glycerine is a by-product of biodiesel manufacturing and is used because the uncooked materials. This shift, enabled by European know-how, helps lower the plant’s carbon footprint.
The corporate stated the challenge helps import substitution. It aligns with India’s push for inexperienced and self-reliant manufacturing within the chemical and supplies sectors.
At 11:43 AM, the shares of DCM Shriram have been buying and selling 0.48% increased at Rs 1,172.10 on NSE.
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