DCM Shriram Ltd, India's second largest chlor alkali manufacturer, signed a Memorandum of Understanding with the Government of Gujarat to invest a proposed Rs. 12,000 crore in manufacturing of chemical and petrochemicals products in the Bharuch by 2028.

The MoU was signed in a ceremony held at Gandhinagar, Gujarat on 3rd January 2024 in the presence of Gujarat Chief Minister Bhupendrabhai Patel along with other ministers and senior officials from the state government. The ceremony was a part of Vibrant Gujarat Global Summit 2024 which will take place on 10-12th January 2024.

DCM Shriram currently has significant chlor alkali facilities in Bharuch, Gujarat and aims at increasing the existing capacities while adding new products to its chlor alkali portfolio.

Besides the chlor-vinyl business, DCM Shriram is also into agri-rural and value-added businesses.