Grasim Industries has earmarked a capital expenditure (capex) of Rs 2,600 for the current financial year (FY22), which would be mainly for its viscose staple fibre (VSF) and chemicals business. Besides, the company would also expand its solar business where its cumulative installed capacity is expected to rise to 845 megawatt (MW) by 2022-23, based on the current pipeline. This capex is in addition to the investments announced by Grasim's step-down subsidiary as its UltraTech and Aditya Birla Capital.
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.