DCM Shriram Limited at their board meeting held on February 27, 2024, in New Delhi, accorded an in-principle approval for the entry of its Chemicals business into the domain of
"Advanced Materials" by investing into Epoxy and value added products. The company is planning to invest INR 10,000 million over the next few years to set up a greenfield state-of- the-art epoxy manufacturing plant. It may be noted that the company's Epichlorohydrin (ECH) plant in Jhagadia, Gujarat is in final stages of completion and is expected to be commissioned in first quarter of 2024-25. Over 80% of ECH produced globally is used in the manufacture of Epoxy.