DCM Shriram shares surged over 2% after the company announced a ₹57.12 crore investment in a wind-solar hybrid renewable energy project.
The investment will see DCM Shriram acquire a 28% stake in JSW Renew Energy Thirty Two Limited, supporting the development of a 68 MW renewable energy facility. This initiative aligns with the company’s goal to shift from coal-based power to greener energy solutions, replacing its existing 40 MW coal-powered plant.
The renewable project is expected to provide an average supply of 34 MW of power, with a total investment made in stages, and completion slated for March 2026.
DCM Shriram shares opened at ₹1,088.00 and reached a high of ₹1,115.90, low of ₹1,088.00 during trading. The stock is currently far from its 52-week high of ₹1,371.10, and closer to its 52-week low of ₹832.40.
As of 9:52 am, DCM Shriram shares were trading 2.18% higher at Rs 1,108.50 on the NSE.
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