Grasim Industries has received approval from board of directors for acquisition of 26% of equity stakes each in three Special Purpose Vehicles (SPVs), formed/ to be formed as a Captive User for renewable energy projects.
The company has received approval from board of directors for acquiring equity stakes in SPV formed with Prozeal Green Energy (Prozeal), namely Pro-Zeal Green Power Eighteen, SPV to be formed with Prozeal Green Energy and SPV to be formed with GMR Energy (GMR).
The Board of Directors at its meeting held on November 05, 2025, has approved the same.
Grasim Industries is a flagship company of 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.
