DCM Shriram secures sustainable finance facility of Rs 1 billion

In order to finance its upcoming 12 TPD compressed bio gas (CBG) plant at Ajbapur sugar unit in the state of Uttar Pradesh, DCM Shriram Limited, a prominent conglomerate with a diverse business presence in Chlor-Vinyl, agri-rural, and value added businesses, has successfully partnered with Standard Chartered Bank, India to provide transition finance of Rs 1 billion for its sustainable finance facility.

CBG production will utilise pressmud as the feedstock. The innovative plant has been engineered to operate as a zero effluent discharge facility.

In August 2022, DCM Shriram agreed to source 50 MW of renewable energy from ReNew Power for its manufacturing facility situated in Bharuch, Gujarat.