DCM Shriram to invest $143 mn in brownfield expansion project backed by IFC

The captive power plant will be funded through the company's internal cash flows, according to IFC, the World Bank's investment arm

DCM Shriram is planning to invest around $143 million in a brownfield expansion in Gujarat. The project will be backed by International Finance Corporation.

The proposed project is a 700 tons per day (TPD) brownfield expansion of its chlor-alkali plant at Bharuch in Gujarat, India along with a 500 TPD flaker plant and a 120 megawatt captive power plant. 

The Project is expected to cost approximately $143  million. IFCs investment would be used to fund the chlor-alkali plant expansion and flaker plant costing $89 million, along with long term working capital and routine capex. 

IFC plans to provide a Senior Loan of up