DCM Shriram rises on securing Rs 200 crore sustainability linked loan from HSBC India
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DCM Shriram is currently trading at Rs. 1062.55, up by 5.15 points or 0.49% from its previous closing of Rs. 1057.40 on the BSE.
The scrip opened at Rs. 1061.00 and has touched a high and low of Rs. 1069.15 and Rs. 1055.20 respectively. So far 678 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1121.65 on 19-Oct-2022 and a 52 week low of Rs. 730.05 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1076.60 and Rs. 1032.60 respectively. The current market cap of the company is Rs. 16569.65 crore.
The promoters holding in the company stood at 66.52%, while Institutions and Non-Institutions held 11.28% and 22.20% respectively.
DCM Shriram has successfully raised a Sustainability Linked Loan (SLL) of Rs 200 crore from HSBC India. This strategic financial move is aimed at supporting the company's ongoing Capital expenditure program in Bharuch, Gujarat.
This collaboration between DCM Shriram and HSBC India signifies a shared commitment towards fostering sustainability and responsible business practices, further solidifying their dedication to a greener and more responsible future.
DCM Shriram runs two businesses energy intensive and agri business. The company is also the third largest manufacturer of Chlor-Alkali in the India. They have launched value added UPVC window system business under the Fenesta TM brand in India.
