Grasim Industries Ltd.

Grasim Industries has sold its fertilisers business to Indorama Corporation for Rs 2,649 crore. Grasim Industries' board approved the divestment of the company's fertiliser business, Indo Gulf Fertilisers, by way of a slump sale to Indorama India (IIP), a subsidiary of Indorama Corporation Pte., Singapore.

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.