DCM Shriram to acquire Shree Raj Salt And Chemical Works, Devjagan Salt Farm, Maruti Salt Farm, and Manek Salt Works for INR1.75bn..

DCM Shriram, a diversified Indian conglomerate, agreed to acquire Shree Raj Salt And Chemical Works, Devjagan Salt Farm, Maruti Salt Farm, and Manek Salt Works, four companies specialising in industrial salt production, for INR1.75bn. With the increasing demand for industrial salt in various industries and heightened competition for coastal land from sectors like renewables, securing these salt resources is considered a timely initiative. The acquisition aims to ensure the security of raw materials, reduce logistics costs, and enhance the integrated chemical value chain of the company.