The company will sign a definitive agreement for the transaction, which is subject to customary and regulatory approvals. The acquisition is seen as a strategic move to diversify and expand DCM Shriram’s presence in the chemicals space by leveraging potential synergies between HSCL’s product offerings and the company’s existing portfolio.
This acquisition builds on DCM Shriram’s earlier announcement in February 2024, committing ₹1,000 crore for the establishment of its epoxy and advanced materials business under the chemicals strategic business unit (SBU).
About HSCL
Hindusthan Specialty Chemicals, an unlisted subsidiary of Hindusthan Urban Infrastructure Ltd, operates a modern production facility at Jhagadia, Bharuch district, Gujarat.
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Spread across a 43-acre GIDC plot, the plant is located just 3.5 km from DCM Shriram’s existing chemicals complex, offering seamless synergies for integration and growth.
In FY25, HSCL reported a turnover of over ₹274 crore, with a liquid epoxy resin capacity exceeding 17,000 KTPA. Its advanced product portfolio includes liquid epoxy resins, hardeners, reactive diluents, solvent cuts, and formulated resins, catering to high-performance sectors such as aerospace, electronics, renewable energy, electric vehicles, defence, and composites.
‘Pivotal step’
Ajay Shriram, Chairman and Senior Managing Director and Vikram Shriram, Vice Chairman & Managing Director, said, “This acquisition is a pivotal step in our chemicals growth strategy and a catalyst for DCM Shriram’s entry into advanced materials.”
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“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,” he added
Shares of DCM Shriram Ltd ended at ₹1,125, up by ₹20.65, or 1.87%, on the BSE.
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(Edited by : Shoma Bhattacharjee)
First Published: Jun 12, 2025 8:21 PM IST
