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Grasim Industries to invest Rs 3,094 crore to expand Lyocell capacity in Karnataka

09 Jun 2026 Evaluate

Grasim Industries is all set to invest Rs 3,094 crore for Phase II Lyocell capacity of 110K TPA at Harihar, Karnataka. In this regard, the board of directors of the company at their meeting held on June 08, 2026 has approved the same. This expansion will consist of 2 lines of 55K TPA (150 Tons per day) each. The first line is expected to be commissioned by 2028, and the second line is expected to be commissioned by 2030.

This additional capacity will complement the Phase I Lyocell plant of 55K TPA currently under construction at Harihar, which is expected to be commissioned by mid-2027. Upon completion, the company’s total Lyocell capacity, will reach nearly 210K TPA, making it one of the largest Lyocell producers globally.

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

3071.10 -24.25 (-0.78%)
10-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 3071.10
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