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Grasim Industries earmarks Rs 2,600 crore capex for FY22

28 Aug 2021

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.

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Grasim Industries Share Price

1718.05 -37.50 (-2.14%) Oct 19, 17:43
1 Year Price Chart
Peers
Company Name CMP
Grasim Industries 1718.05
SRF 2309.15
DCM Shriram 1175.10
Birla Corporation 1413.45
Surya Roshni 676.05
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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