Grasim Industries is reportedly planning to raise upto Rs 2,000 crore through debentures to fund its capital expenditure programme. The company has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25.
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.
