For Q2 FY25, the revenue from the Sugar business was Rs 1,167.38 crore (up 7.37% YoY), Chloro-Vinyl segment revenue was Rs 777.36 crore (up 11.97% YoY) and Fertilizers business revenue was Rs 387.11 crore (up 5.0565% YoY).

Further, revenue from SFS segment was Rs 371.65 crore (up 32.76% YoY), Fenesta building system segment revenue was Rs 221.62 crore (up 6.04% YoY) and that from Bioseed was Rs 158.78 crore (up 24.09% YoY).

Ajay Shriram, chairman & senior managing director and Vikram Shriram, vice chairman & managing director, in joint statement stated, “The world is experiencing a ‘geopolitical recession’ marked by a complex interplay of rising geopolitical tensions among global powers, economic challenges, climate changes and technological advancements, requiring careful navigation by governments, businesses, and international organizations. India's economic performance and outlook is more resilient compared to the global situation.

Global caustic prices are range bound and demand remains balanced. Surplus capacities in India has led to lower capacity utilizations & subdued product prices. The sector has benefitted from reduced carbon costs. The newly commissioned 120 MW power plant has started yielding positive results. Our capex in chemical business is nearing completion. We have commissioned the Hydrogen Peroxide plant and expect to commission ECH plant in fourth quarter.

Sugar business is stable. With increased sugar inventory levels, the government has allowed ethanol production from cane juice and B-heavy molasses. Further, industry is advocating for allowing Sugar exports. The Sugar prices are not commensurate with increase in cost of production in the last season. Sugar cane crushing for season 24-25 has started. Fenesta Building Systems is investing into building and strengthening new revenue platforms which shall foster future growth of business. Shriram Farm Solution business continues with its growth driven by its approach of providing new technology products to farmers.

We have announced chlorine downstream projects in Chemicals with an investment of Rs 310 crore. We are adding to our green energy portfolio with an investment of Rs 76 crore to supply upto 68 MW of captive renewable energy at our Kota complex in Rajasthan. Further, in order to strengthen the customer experience and grow Fenesta’s Aluminium windows business we are investing Rs 149 crore in Aluminium extrusion. These investments will go a long way in strengthening our businesses.”

Meanwhile, the board approved an equity investment of upto Rs 60 crore for upto 28% of equity stake in one or more special purpose vehicle(s) for setting up a wind solar hybrid renewable power project for replacing existing coal based 40 MW power with 68 MW RE Power.

Further, the board of directors approved a capex proposal of Rs 310 crore to set up an additional aluminium chloride facility of 100 TPD and a new granulated calcium chloride facility of 225 TPD at Jhagadia in Bharuch.

Lastly, the company’s board has approved a capex proposal of Rs 149 crore for an Aluminium Extrusion & Surface Finish Project at Kota.

DCM Shriram is a diversified company with presence agri-rural business, chloro-vinyl business and value-added business (fenesta building systems-UPVC windows & doors).