Dcm Shriram

DCM Shriram hits all time high after capacity expansion at sugar plant

DCM Shriram share price reached its all time high at Rs 1,370 per share on the BSE

DCM Shriram share price rises 10% in trade; here's what's boosting rally

DCM Shriram posts 95 per cent jump in net profit in Q2 to Rs 62.92 crore

DCM Shriram Q2 results: Net profit jumps 95% to Rs 62.92 cr on strong sales

DCM Shriram Ltd reported a 95.16 per cent increase in consolidated net profit at Rs 62.92 crore in the second quarter of fiscal 2024-25, compared to Rs 32.24 crore in the same period a year earlier. In a regulatory filing, the company said its total income rose 11.81 per cent to Rs 3,183.98 crore in Q2 FY25 from Rs 2,847.42 crore in the year-ago quarter. Expenses increased 10.29 per cent to Rs 3,088.21 crore. The company's board approved an equity investment of up to Rs 60 crore for up to 28 per cent stake in one or more SPVs to set up a 68 MW wind-solar hybrid renewable power project. It approved a capex (capital expenditure) of Rs 23 crore for the renewable power project in Kota, Rajasthan. The board approved a capex of Rs 310 crore to set up a 100 TPD aluminium chloride facility and a 225 TPD granulated calcium chloride facility at Jhagadia, Bharuch. That apart, it approved a capex of Rs 149 crore for an aluminium extrusion and surface finish project at Kota. The company is a

DCM Shriram stock gains after commissioning of Hydrogen Peroxide plant

The rise in the share price came after the company announced that it has successfully commissioned a new Hydrogen Peroxide plant.

JK Cement, JSW Steel, Polycab among 10 stocks to go ex-dividend on Tuesday

These 10 companies had fixed July 09 as the record date for a dividend payout of up to Rs 30 per share.

DCM Shriram falls over 7% after weak March quarter results

DCM Shriram's operating margin squeezed 180 basis points (bps) to 13.1 per cent in the March quarter

DCM Shriram gets Rs 100 cr sustainable finance from Standard Chartered Bank

DCM Shriram Ltd on Wednesday said it has secured Rs 100 crore sustainable finance from the Standard Chartered Bank to fund the upcoming compressed bio-gas plant in Uttar Pradesh. The compressed bio-gas plant with 12 tonne per day capacity at the Ajbapur Sugar Unit will produce compressed bio-gas using 'pressmud' as feed stock, a waste generated in the sugar manufacturing process, the company said in a statement. DCM Executive Director and Group CFO Amit Agarwal said this is the company's second sustainable finance transaction in the last six months. Standard Chartered Bank Executive Director (Sustainable Finance) Shobana Chawla said sustainable financing continues to be one of the strategic priorities at the bank. "We have been assisting our clients transition to net zero, and at a group level have committed to mobilise USD 300 billion in sustainable finance by 2030. This facility to DCM Shriram is one such initiative," she added. DCM Shriram is in the diversified business of ...

DCM Shriram signs MoU with Gujarat govt to invest Rs 12,000 cr by 2028

Currently, the company has significant Chlor Alkali facilities in Bharuch and aims at increasing the existing capacities while adding new products to its Chlor-Alkali portfolio

DCM Shriram raises Rs 200 cr from HSBC India as sustainability linked loan

DCM Shriram, which has a presence in sugar, fertiliser and chemical businesses, has raised a Sustainability Linked Loan (SLL) of Rs 200 crore from HSBC India to fund its capex plan in Gujarat. This strategic financial move is aimed at supporting the company's ongoing capital expenditure programme in Bharuch, Gujarat, it said in a statement. "This is our first Sustainability Linked Loan obtained from HSBC India, marking our unwavering dedication to our Environmental, Social, and Governance (ESG) objectives," Amit Agarwal, Executive Director & Group CFO of DCM Shriram Ltd, said. "We have embarked on projects worth approximately Rs 3,500 crore, predominantly within our sugar and chemical divisions. Notably, projects in our sugar business have already been commissioned, while those in the chemicals business are nearing completion," he said. Ajay Sharma, Head-Commercial Banking at HSBC India, said it is committed to providing financing to support and incentivise the transition to a ...

DCM Shriram Q4 results: Profit falls 54% as raw material, power costs surge

The company's consolidated net profit fell to 1.87 billion rupees ($22.8 million) compared to 4.01 billion rupees a year ago. Revenue from operations also fell marginally to 28.49 billion rupees

DCM Shriram Q3 net down 2% to Rs 342 cr; income rises 21% to Rs 3,417 cr

DCM Shriram Ltd, which is into chemicals, sugar, bioseed and fertiliser businesses, on Friday reported a marginal decline in its December quarter consolidated net profit to Rs 342.09 crore. Its net profit stood at Rs 349.57 crore in the year-ago period. Total income rose 21 per cent to Rs 3,417.06 crore during October-December quarter of this fiscal from Rs 2,815.95 crore in the corresponding period of the previous year. During the April-December period of 2022-23 financial year, the net profit rose to Rs 724.17 crore from Rs 664.94 crore a year ago. Total income rose to Rs 9,324.75 crore in the first nine months of the current fiscal from Rs 7,039.67 crore in the corresponding period of the previous year. Ajay Shriram, Chairman & Senior Managing Director, said the company has reported another consistent quarter of robust performance with positive/stable outlook across all the businesses. "The operating environment is very challenging globally. Russia-Ukraine conflict does not ..

DCM Shriram focusing on manufacturing versatile drones: Joint President

DCM Shriram Industries is focusing on developing and manufacturing versatile drones that will be used not just in the defence sector but across the board, its Joint President Rudra Shriram has said. The company is engaged in the businesses of sugar, chemicals and industrial fibre and has a turnover of around Rs 8,000 crore. It had last year invested USD 1 million (about Rs 7 crore) to purchase 30 per cent stake in Turkish drone company Zyrone Dynamics. "Luckily, we entered the (drone) market at the correct time and we have products ready of the market," Shriram told PTI in an interview. He said the idea is to manufacture drones completely in India. "The idea is to Make in India. Even for them (Zyrone), it is expensive to manufacture there. So, they can concentrate on technology development and we can concentrate on manufacturing at scale," he noted. He said DCM Shriram has a research and development (R&D) facility in Delhi and it has licences to manufacture defence drones across .

DCM Shriram Q4 profit up 73% at Rs 401 crore; revenue rises 31.16%

The company's profit after tax (PAT) stood at Rs 231.24 crore during the corresponding period of 2020-21

DCM Shriram defies market mood, hits new high; stock up 65% in a month

On June 29, 2021, rating agency ICRA had upgraded term loan and fund based facilities of DCM Shriram to ICRA AA+ from ICRA AA with a stable outlook

DCM Shriram rallies 24% in one week on strong operational performance in Q3

The management said the company has witnessed a sequential improvement in its quarterly performance as the challenges posed by Covid-19 reduced

DCM Shriram Q2 net profit up marginally at Rs 118.37 cr on higher sales

Expenses also remained higher at Rs 1,910.48 crore, compared with Rs 1,636.95 crore a year ago.

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

Torrent Pharma says promoters haven't pledged equity, NSE action not needed

Torrent said a pledge of shares is a security interest in favour of lenders and can be enforced by sale of such shares in event of default

DCM Shriram commissions 200 kl/day capacity at Ajbapur sugar plant

Diversified firm DCM Shriram has commissioned 200 kilo litres per day distillery capacity in its sugar plant at Ajbapur, Uttar Pradesh. Now, the total capacity of the distillery business stands at 350 kilo litres per day. It had earlier commissioned a distillery in 2017-18 at Hariawan with 150 kilo litres per day capacity. The move is in line with the firm's earlier commitment of commissioning the distillery capacity in phases over 18 months to provide stability to the sugar business, the company said, adding it has invested Rs 300 crore in the expansion. "The expansion and upgradation is part of our vision to make the sugar business more robust and thereby providing full integration on molasses. We expect that this expansion will further strengthen the return profile of the sugar business," Ajay S Shriram, Chairman & Sr MD and Vikram S Shriram, Vice Chairman & MD, said. DCM has sugar production units in Ajbapur, Rupapur, Hariawan and Loni in Uttar Pradesh with a combined ...

DCM Shriram reports nearly six-fold jump in Q4 net profit at Rs 293 cr

Net revenue from operations rose 21 per cent to Rs 1,888 crore from Rs 1,566 crore in the year-ago period