Grasim Inds gains on commencing commercial production at Greenfield VSF Plant

31 Jul 2014

Grasim Industries is currently trading at Rs. 3280.00, up by 18.00 points or 0.55 % from its previous closing of Rs. 3262.00 on the BSE.

The scrip opened at Rs. 3250.00 and has touched a high and low of Rs. 3302.55 and Rs. 3245.00 respectively. So far 3601 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3755.00 on 09-Jun-2014 and a 52 week low of Rs. 2121.00 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 3351.60 and Rs. 3200.00 respectively. The current market cap of the company is Rs. 30050.49 crore.

The promoters holding in the company stood at 25.51 % while Institutions and Non-Institutions held 38.78 % and 21.23 % respectively.

Grasim Industries has commenced the commercial production at the company’s Greenfield Viscose Staple Fibre (VSF) Plant at Vilayat in state of Gujarat with the commissioning of 2 Lines with a capacity of 77,000 MT per annum of Grey / Dyed Fibre.

The work on the remaining 2 Lines to produce Modal / Micro Modal Fibre is at an advanced stage of commissioning. On completion, the capacity at Vilayat Plant will increase to 120,000 MT per annum.

Grasim Industries is the flagship company of the Aditya Birla Group. Starting as a textiles manufacturer in 1948, today Grasim’s businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90 per cent of its revenues and operating profits.

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Grasim Industries Share Price

1412.00 -38.35 (-2.64%) May 12, 18:01
1 Year Price Chart
Peers
Company Name CMP
Grasim Industries 1412.00
DCM Shriram 660.60
SRF 6281.00
Birla Corporation 1043.50
Prism Johnson 138.10
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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