(L) Ajay S Shriram, chairman & sr. managing director, DCM Shriram & Vikram S Shriram, vice chairman & managing director, DCM Shriram. Pic: DCM Shriram/LinkedIn
In a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, DCM Shriram Ltd said: “This acquisition is a pivotal step in our chemicals growth strategy and a catalyst for DCM Shriram’s entry into advanced materials. The advanced materials segment offers robust forward integration with our chlor-alkali platform, while positioning us at the intersection of India’s expanding presence in sunrise sectors like renewables, mobility, and aerospace.
“We believe HSCL’s proven technology, strong customer base, and strategic location will provide a solid foundation to scale this business rapidly. This move aligns with our commitment to building a diversified and innovation-driven chemicals portfolio.”
DCM Shriram will acquire full ownership of Hindusthan Specialty Chemicals Ltd. (HSCL), marking its entry into the advanced materials segment.
The move strengthens synergies with its chemicals portfolio and supports growth in sectors like renewables, mobility, and aerospace.
The deal, subject to approvals, aligns with DCM Shriram’s innovation-led strategy.
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Fibre2Fashion News Desk (HU)
