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Grasim Industries gets nod to acquire 26% stake in special purpose vehicle

20 May 2026 Evaluate

Grasim Industries has received approval for the acquisition of 26% of equity stake in Ampin C&I Power Thirty, a Special Purpose Vehicle (SPV) formed for supply of renewable (hybrid) energy at Harihar, Karnataka, under the Group Captive Scheme. Objects of acquisition are to meet the green energy needs; optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws. 

Cost of acquisition is upto Rs 30.60 crore. The said acquisition is expected to be completed within 180 days from the execution of, inter alia, Energy Supply Agreement, Share subscription and Shareholders Agreement(s). The Board of Directors of the company at its meeting held on May 20, 2026, inter-alia, 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.


Grasim Industries Share Price

3103.15 1.95 (0.06%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 3103.15
DCM Shriram 1022.35
3M India 32281.10
Hindustan Foods 536.50
Balmer Lawrie & Co 181.00
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