DCM Shriram strengthens chemical business with salt works acquisition

DCM Shriram Limited’s board of directors approved the acquisition of 100% equity in four industrial salt companies: Shree Raj Salt and Chemical Works Pvt. Ltd., Devjagan Salt Farm Pvt. Ltd., Maruti Salt Farm Pvt. Ltd., and Manek Salt Works Pvt. Ltd. These companies operate salt works across 1,077 acres in Gujarat, with a total installed capacity of 2.1 lakh MTPA. The ₹175 crore acquisition aims to backward integrate a key raw material for DCM Shriram's chemical business, securing about 13% of its total salt demand. Completion is expected by June 2026, pending regulatory approvals.

DCM Shriram reported robust Q2 FY26 consolidated financial results, with revenue from operations increasing 10% year-over-year to ₹3,432 crore. PBDIT surged 74% to ₹408 crore, and PAT increased 152% to ₹159 crore. The company declared an interim dividend of 180% (₹3.60 per equity share of face value ₹2 each) for FY 2025-26, with the record date set for November 3, 2025.

Other board approvals included the unaudited financial results for the quarter and half year ended September 30, 2025, and a change in registrar & share transfer agent from MCS Share Transfer Agent Limited to KFin Technologies Limited. The company has made significant investments, including an 850 TPD Caustic Soda Expansion, a 52,500 TPA Hydrogen Peroxide Plant, and a 12 TPD Compressed Bio-Gas Plant, enhancing its capabilities.