DCM Shriram Ltd Commissions State-of-the-Art Hydrogen Peroxide Plant in Gujarat
Key Ideas
- DCM Shriram Ltd saw a 5.44% increase in shares after announcing the commissioning of a new 52,500 TPA Hydrogen Peroxide plant in Gujarat.
- The plant will utilize hydrogen produced on-site and is expected to enhance the company's market presence in various industries.
- Hydrogen Peroxide has a wide range of applications including bleaching, water treatment, chemical synthesis, food processing, and environmental uses.
DCM Shriram Ltd, a diversified agri firm in India, recently announced the commissioning of a state-of-the-art Hydrogen Peroxide plant in Jhagadia, Bharuch District, Gujarat. The plant has a capacity of 52,500 tonne per annum and officially began operations on August 19, 2024. By leveraging hydrogen produced within the chemical complex, the new plant is set to expand the company's product line and market presence across various industries. Hydrogen Peroxide is known for its diverse applications, serving as a bleaching agent, water and wastewater treatment solution, chemical synthesis component, and playing roles in food processing, mining, metallurgy, and environmental sectors. This strategic move has positively impacted DCM Shriram Ltd's shares, which saw a 5.44% increase on the Bombay Stock Exchange. The company aims to capitalize on the versatility and demand for Hydrogen Peroxide to further strengthen its position in the market.