DCM Shriram Limited has announced a ₹57.12 crore investment in a wind-solar hybrid renewable energy project. The company has entered into a definitive agreement with JSW Renew Energy Thirty Two Limited, acquiring a 28% stake in the entity to support the development of a 68 MW renewable power project. This initiative is part of DCM Shriram’s strategy to transition from coal-based energy to greener, more sustainable solutions.
The project will replace the company’s existing 40 MW coal-based power with 68 MW of renewable energy, providing an average supply of 34 MW. The total investment of ₹57.12 crores will be made in tranches, with the project slated for completion by March 2026.
The renewable energy facility, spearheaded by JSW Renew Energy Thirty Two Limited, was incorporated in August 2024. The initiative aligns with DCM Shriram’s sustainability goals while enhancing energy efficiency and reducing carbon emissions.
The collaboration reflects the growing importance of renewable energy in industrial operations. It reinforces DCM Shriram’s commitment to supporting India’s renewable energy mission and advancing its sustainability roadmap.
