DCM Shriram Ltd, a distinguished chlor alkali manufacturer, has inked a monumental Memorandum of Understanding (MoU) with the Government of Gujarat. This strategic alliance, announced during the Vibrant Gujarat Global Summit 2024, paves the way for a whopping INR 12,000 crore investment in manufacturing chemical and petrochemical products in Bharuch, Gujarat, by 2028.
The ceremony, graced by Chief Minister Bhupendrabhai Patel and attended by eminent ministers and officials, unfolded at Gandhinagar, Gujarat, on the 3rd of January 2024. This collaborative initiative aligns with the state's vision for industrial development and was a pivotal moment within the Vibrant Gujarat Global Summit, scheduled for 10-12th January 2024 at Mahatma Mandir, Gandhinagar.
DCM Shriram's expanding horizons
With a substantial presence in Bharuch, Gujarat, DCM Shriram is set to augment its existing chlor-alkali facilities, aiming to enhance capacities and introduce new products to its chlor-alkali portfolio. The company's diversified business portfolio revolves around various industries, including the chlor-vinyl business, agricultural business, and other value-added businesses.
Chlor alkali's crucial role in aluminium production
Notably, chlor alkali holds paramount significance in the aluminium industry. It plays a pivotal role in the production of alumina, a crucial precursor in aluminium manufacturing. This symbiotic relationship underscores the importance of strategic investments in chlor alkali facilities for companies like DCM Shriram.
DCM Shriram's Business Landscape
DCM Shriram's Chlor-Vinyl Business covers a spectrum of products, including Caustic Soda, Chlorine, Aluminium Chloride, Calcium Carbide, PVC Resins, PVC Compounds, Power, and Cement. This diversified portfolio reflects the company's commitment to excellence across multiple domains.
In the AgriRural sector, DCM Shriram engages in the production of Urea, Sugar, Ethanol, and a comprehensive Farm Solution Business, which includes a range of inputs and R&D-based Hybrid Seeds. This holistic approach reinforces the company's dedication to sustainable and innovative agricultural practices.
Adding to its repertoire, DCM Shriram's Value Added Business includes Fenesta Building Systems, specialising in UPVC and Aluminium Windows & Doors. This subsidiary underscores the company's commitment to quality and innovation in the construction industry.
In conclusion, DCM Shriram's ambitious investment in Gujarat marks a strategic move towards advancing the chemical and petrochemical landscape. As the company expands its chlor alkali capacities, it not only strengthens its position in the industry but also contributes significantly to the broader realm of the aluminium sector.
If you wish to have a comprehensive purview of the international aluminium industry, please have a look at AL Circle's special report, Global Aluminium Industry Key Trends to 2030. Also, if you wish to learn about the global aluminium extrusion sector, go through AL Circle's The World of Aluminium Extrusions report.
Responses
