DCM Shriram Limited has successfully started sourcing upto 40.4 MW of renewable energy (wind-solar hybrid) from its special purpose vehicle (SPV) setup with ReNew Power Limited under group captive arrangement.

The renewable power is being wheeled into DCM Shriram’s Jhagadia site in Bharuch, Gujarat. This site is one of the single largest chlor-alkali plants in India.

The company is also working towards securing another 10 MW of wind-solar hybrid renewable energy in coming months as part of the 50.4 MW Captive Power Agreement (CPA) that it signed with ReNew Power in August 2022.

To demonstrate long-term commitment towards enhancing the share of renewable power in the total power mix, DCM Shriram has signed a CPA for a period of 25 years. Once fully operational, this transition is expected to mitigate a total of around 2,25,000 tCO2e (carbon emissions) annually.

This is a major step towards the company’s entry into renewable energy for captive consumption and is reflective of the organization’s commitment to drive the transition towards decarbonisation and sustainability in a time bound and determined manner.