DCM Shriram Ltd. announced that at its board meeting held on 30.10.2023, the Board of Directors has approved the proposal at the Company's expansion of Sugar Plant at Loni, Uttar Pradesh by increasing Cane crushing capacity from 7,300 TCD to 9,400 TCD. Period within which the proposed capacity is to be added: By September 2024, Investment required: INR 1.89 billion (including working capital of INR 260 million), Mode of financing is Internal accrual + Debt and Rationale is Growth-Capture cane potential within catchment area of the Company.
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