DCM Shriram Ltd reported a 95.16 per cent improve in consolidated web revenue at Rs 62.92 crore within the second quarter of fiscal 2024-25, in comparison with Rs 32.24 crore in the identical interval a 12 months earlier.
In a regulatory submitting, the corporate stated its complete earnings rose 11.81 per cent to Rs 3,183.98 crore in Q2 FY25 from Rs 2,847.42 crore within the year-ago quarter.
Bills elevated 10.29 per cent to Rs 3,088.21 crore.
The corporate’s board accredited an fairness funding of as much as Rs 60 crore for as much as 28 per cent stake in a number of SPVs to arrange a 68 MW wind-solar hybrid renewable energy challenge.
It accredited a capex (capital expenditure) of Rs 23 crore for the renewable energy challenge in Kota, Rajasthan.
The board accredited a capex of Rs 310 crore to arrange a 100 TPD aluminium chloride facility and a 225 TPD granulated calcium chloride facility at Jhagadia, Bharuch.
That aside, it accredited a capex of Rs 149 crore for an aluminium extrusion and floor end challenge at Kota.
The corporate can also be establishing a repackaging unit in Europe to cater to aluminium chloride clients in that market.
