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Grasim Industries raises first Sustainability Linked NCDs of Rs 1250 crore from IFC

19 Mar 2024 Evaluate

Grasim Industries has raised its first Sustainability Linked Non-Convertible Debentures (NCDs) of Rs 1250 crore (equivalent to approximately $150 million) from the International Finance Corporation (IFC). The Sustainability-Linked NCDs will support the company’s investment in paint manufacturing. IFC’s investment will accelerate Grasim’s decarbonization drive through the increased adoption of renewable energy and water recycling in the paint manufacturing process.

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.


Grasim Industries Share Price

2974.20 7.25 (0.24%)
11-May-2026 15:31 View Price Chart
Peers
Company Name CMP
Grasim Industries 2974.20
DCM Shriram 1225.00
3M India 31640.00
Hindustan Foods 529.65
Balmer Lawrie & Co 195.90
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