DCM Shriram stock rises up to 9% after company signs MoU with Bayer CropScience

DCM Shriram stock rises up to 9% after company signs MoU with Bayer CropScience

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26 Aug, 2025 12:21

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Shares of DCM Shriram climbed up to 9% on December 11, a day after the company signed MoU with Bayer CropScience to explore opportunities in agri industry.

DCM Shriram Limited and Bayer Crop Science Limited on December 11 signed a Memorandum of Understanding (MoU) to jointly explore opportunities that "strengthen India’s agriculture ecosystem through innovation, sustainability, and farmer-centric solutions".

The MoU establishes a strategic framework for collaboration across areas such as agri-inputs, digital advisory, sustainable farming practices, and value-chain strengthening.

At 12 pm on December 11, DCM Shriram shares on NSE were trading 8% higher at Rs 1,302 apiece.

Under this collaboration, both organisations will explore synergies in crop solutions, seeds, specialty plant nutrition, biologicals, digital tools and advisory platforms. The two companies will also assess opportunities to jointly support farmer organisations and strengthen sustainable agriculture initiatives, including pilots in soil health, carbon sequestration, and

integrated crop management. Additionally, both companies will evaluate possibilities for partnership across select areas of the chemicals business.

Ajay S. Shriram, Chairman & Senior Managing Director and Vikram S Shriram, Vice Chairman & Managing Director, DCM Shriram Ltd, said, “We are delighted to partner with Bayer to explore new avenues that can benefit India’s farming communities. By bringing together complementary strengths, we aim to support sustainable and productive agriculture while creating long-term value for farmers and the wider ecosystem.”

Commenting on the partnership, Simon Wiebusch, Chief Executive Officer, Bayer CropScience Ltd, said, “Indian agriculture is entering a phase where resilience and value-chain integration will define long-term success. With this partnership, Bayer and DCM Shriram can enhance market access, strengthen value-chain connections, and help farmers tap into emerging opportunities. Our combined and complementary expertise enables us to scale solutions quickly and create lasting positive change."