DCM Shriram Limited (the “Company”) is an Indian company with presence in multiple states in India including Uttar Pradesh, Rajasthan, Gujarat, Telangana and Tamil Nadu. It has two main business lines:
Agribusiness (fertilizer, seeds - including international operations under 100% subsidiaries, sugar and trading of agricultural inputs), and
Chloro Vinyl (caustic soda, chlorine, carbide and polyvinyl chloride or PVC).

It also has other smaller businesses such as Fenesta Building Solutions (value-added PVC products) and cement to complement its main products and a joint venture with Axiall Inc. for PVC Compounding.

The Company is embarking on brownfield expansion at a number of its facilities including: (a) technology improvement of existing cogen power plant in Ajbapur Sugar factory in Uttar Pradesh leading to higher power generation to the extent of 16.4 MW; (b) expansion of its chlor-alkali facility located in Bharuch, Gujarat from 450 TPD to 915 TPD capacity; (c) routine annual maintenance capex across its four sugar plants in Uttar Pradesh, its Chemical Complex in Kota (Rajasthan) and its existing chlor-alkali plant in Bharuch; (d) modernization of technology of its existing chlor-alkali facility located in Bharuch, Gujarat and Kota, Rajasthan; and (e) expansion of captive power plant by 55 MW to support expansion of chlor-alkali capacity. Including interest during construction, pre-operational expenses and contingencies, the total capital expenditure for the above brownfield expansion is estimated to be US$122 million*, to be funded upto a max of 49% through the proposed IFC A-loan, with the rest funded through loans from other banks / financial institutions and internal accruals.

*Exchange rate of US$1 = INR68.00