The Board of Directors of DCM Shriram Ltd at its meeting held on 28th October 2025, has approved entering into a definitive agreement to acquire 100% equity share capital of four companies engaged in producing and selling industrial salt.
The acquired entities have an installed capacity of 2.1 lakh MTPA, with an investment of approximately Rs. 175 crore, subject to regulatory approvals.
The entities are Shree Raj Salt and Chemical Works Pvt. Ltd., Devjagan Salt Farm Pvt. Ltd., Maruti Salt Farm Pvt. Ltd. and Manek Salt Works Pvt. Ltd. having salt works with 1077 acres of salt lease land in the State of Gujarat.
According to the exchange filing, consolidated cost of acquisition of all the four Target entities is Rs. 175 crores, in one or more tranches, subject to adjustments as per terms of Definitive Agreement.
The acquisition presents a strategic opportunity to backward integrate one of the key raw materials for the chemical business and it will meet around 13% of company’s total salt demand.
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.”
