Indian conglomerate DCM Shriram Ltd has signed a definitive agreement with a Serentica Renewables special-purpose vehicle to source 58 MW of renewable energy for its chemicals operations in Bharuch, Gujarat, the companies said on Friday.

DCM Shriram will invest up to Rs 105 crore for a 26% stake in Serentica Renewables to develop a 58 MW hybrid renewable energy project in Gujarat.

DCM Shriram to enhance renewable energy capacity to 176 MW with a new 58 MW hybrid project in Gujarat.

Indian conglomerate DCM Shriram Ltd has signed a definitive agreement with a Serentica Renewables special-purpose vehicle to source 58 MW of renewable energy for its chemicals…