Grasim Industries Ltd.

Grasim Industries which has temporarily suspended production at its Staple Fibre Plant at Nagda fully and that of Chlor-Alkali Plant at Nagda by half due to water shortage, has now informed that with the onset of monsoon and the arrival of water in the Nagda reservoir, the Staple Fibre Plant at Nagda and the Chlor-Alkali Plant at Nagda have restarted in gradual manner and the production is expected to be restored at their full capacity by June 30, 2011.

The company’s net profit for the fourth quarter has jumped by 36.70% at Rs 395.54 crore as compared to Rs 289.35 crore for the corresponding quarter previous year. Its total income has increased by 29.30% at Rs 1546.71 crore for the quarter under review from Rs 1196.17 crore in the corresponding previous quarter.