DCM Shriram announced that it has successfully commissioned a new Hydrogen Peroxide plant.

In an exchange filing, DCM Shriram said, “We wish to inform you that the Company has commissioned its state-of-the-art Hydrogen Peroxide (H2O2) plant of 52,500 TPA at its Chemical complex in Jhagadia, Bharuch Dist., Gujarat."

H2O2 will add to our chemicals business product portfolio and is a downstream to Hydrogen produced at the Chemicals complex, the company said.

Notably, Hydrogen Peroxide has wide ranging applications from bleaching agent to water and wastewater treatment, chemical synthesis, food processing, mining and metallurgy and environmental applications.

For the first quarter ending June 30, 2024 (Q1FY25), DCM Shriram reported a whopping 77.2 per cent year-on-year increase in net profit, reaching Rs 100.3 crore. This compares to a net profit of Rs 56.6 crore in the same quarter the previous year (Q1FY24).

Revenue from operations grew 4.6 per cent, rising to Rs 3,073 crore from Rs 2,937.2 crore in the corresponding quarter of the previous fiscal year.