20 Aug 2024

DCM Shriram Shares Rise on Inauguration of Advanced Hydrogen Peroxide Plant in Gujarat

DCM Shriram's stock saw an uptick, trading at Rs. 1170.00, a gain of 25.10 points or 2.19% from its previous close of Rs. 1144.90 on the BSE.

The stock opened at Rs. 1167.80, reaching a high of Rs. 1167.80 and a low of Rs. 1134.60 during the day. A total of 2,645 shares changed hands in the session.

With a face value of Rs. 2, this BSE group 'A' stock hit its 52-week high of Rs. 1187.00 on August 8, 2024, and a 52-week low of Rs. 840.15 on March 28, 2024. Over the past week, the stock’s high and low were recorded at Rs. 1170.90 and Rs. 1075.60, respectively. The company's current market capitalization stands at Rs. 17,729.08 crore.

The company's shareholding structure shows that promoters hold 66.52%, while institutions and non-institutions hold 11.83% and 21.64% respectively.

DCM Shriram has successfully commissioned a state-of-the-art Hydrogen Peroxide (H2O2) plant with a capacity of 52,500 TPA at its chemical complex in Jhagadia, Bharuch, Gujarat on August 19, 2024. The addition of H2O2 expands the company's chemical product portfolio, leveraging the Hydrogen produced at the complex. Hydrogen Peroxide has diverse applications, including as a bleaching agent, in water and wastewater treatment, chemical synthesis, food processing, mining, metallurgy, and environmental solutions.

DCM Shriram operates two key business segments: energy-intensive and agribusiness. It is also the third-largest Chlor-Alkali producer in India and has ventured into the value-added UPVC window system market under the Fenesta TM brand.