Grasim Industries’ board has approved a capital expenditure (capex) plan of Rs 1,615 crore for the ongoing fiscal (FY21) in view of business disruptions caused by the COVID-19 pandemic. The capex includes raising capacities in VSF (viscose staple fibre) in FY22, apart from ongoing modernization capex at various plants. The company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.
