DCM Shriram Commissions State-of-the-Art Hydrogen Peroxide Plant in Gujarat
Key Ideas
- DCM Shriram Ltd has commissioned a new Hydrogen Peroxide plant with a capacity of 52,500 tonnes per annum in Gujarat.
- The plant is expected to enhance the company's market position by catering to various sectors and applications.
- The Hydrogen Peroxide will be produced using hydrogen from the same chemical complex, adding value to the company's product portfolio.
- The company's stock price witnessed a slight decrease after the news of the commissioning of the plant.
DCM Shriram Ltd, a diversified agri enterprise, has successfully commissioned a state-of-the-art Hydrogen Peroxide (H2O2) plant with a capacity of 52,500 tonnes per annum at its chemical complex in Jhagadia, Bharuch District, Gujarat. The plant, which officially began operations on August 19, 2024, will utilize hydrogen produced within the same complex. This addition of Hydrogen Peroxide to the company's product offerings is anticipated to strengthen its market presence by serving a diverse range of sectors and applications such as bleaching, water and wastewater treatment, chemical synthesis, food processing, mining and metallurgy, and environmental applications. Despite the positive development, DCM Shriram's stock experienced a marginal decline in value following the commissioning announcement. This new venture is poised to enhance the company's competitiveness and expand its role in the chemical industry, positioning DCM Shriram as a key player in the market.