DCM Shriram Limited announces strategic acquisition of four salt works to strengthen raw material security for Chemicals Business

New Delhi, October 29, 2025: DCM Shriram Ltd., a leading diversified conglomerate with businesses across Chemicals, Vinyl, Agri, and Building Materials, today announced that its Board has approved the signing of a definitive agreement to acquire 100% stake in four companies engaged in the production of industrial salt for a total purchase consideration of ₹175 crore.

Two of these entities — M/s Manek Salt Works and M/s Shree Raj Salt & Chemical Works — are located in Dahej, (about 70 km from the Company’s Jhagadia (Bharuch) Chlor-Alkali complex), while M/s Devjagan Salt Farm Pvt. Ltd. and M/s Maruti Salt Farm Pvt. Ltd. are situated in Jambusar, approximately 110 km from the Jhagadia Complex. Together, these salt works span over 1,077 acres and have a combined capacity of 2.1 lakh MT of washed industrial salt per annum, equivalent to around 13% of the Company’s annual salt requirement.

This acquisition will mark an important step toward backward integration, strengthening the raw material supply chain for DCM Shriram’s Chemicals Business — a key driver of the Company’s growth and profitability.

Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr Vikram Shriram, Vice Chairman & Managing Director, said:“Salt is a critical raw material for our Chemicals Business, and this acquisition will address a long-standing strategic vulnerability in our supply chain. With rising demand for industrial salt across multiple end-use industries and increasing competition for coastal land from other sectors such as renewables, securing access to these salt works at Dahej and Jambusar will be a timely and forward-looking step. The acquisition will ensure raw material security, optimize logistics costs, and further strengthen our integrated chemical value chain.”