DCM Shriram stock gains after commissioning of Hydrogen Peroxide plant

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DCM Shriram stock gains after commissioning of Hydrogen Peroxide plant - Business Standard

Quick Summary:

The rise in the share price came after the company announced that it has successfully commissioned a new Hydrogen Peroxide plant.

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.

Earlier this year in January , DCM Shriram Bio Enchem Ltd.(a wholly-owned subsidiary) launched a new Sulphate of Potash Plant (K2SO4) with an annual capacity of 4,600 metric tonnes.