Chemicals,Building Products,Textiles sector projects by Grasim Industires Ltd in Multi Location
Project Information
6976
Grasim Industires Ltd
Grasim Industries is engaged in manufacturing of Viscose Staple Fibre (VSF) -- used in apparels - and cement, which account for over 90 percent of its revenues. The firm clocked a turnover of around Rs 32,838 crore in the 2014-15 fiscal.
Aditya Birla Group firm Grasim Industries will spend more than Rs 4,000 crore on capacity expansion of its various businesses - cement, chemicals and VSF - in the coming financial year.
Grasim Industries is engaged in manufacturing of Viscose Staple Fibre (VSF) -- used in apparels - and cement, which account for over 90 percent of its revenues. The firm clocked a turnover of around Rs 32,838 crore in the 2014-15 fiscal.
While the company will invest Rs 3,800 crore on capex in the 2016-17 fiscal on its subsidiary, cement maker Ultratech, it will pour in Rs 255 crore in its VSF and chemicals business during the same period.
The company had earmarked Rs 2,140 crore for Ultratech in this fiscal, of which Rs 1,630 crore was spent during the April-December period on capacity expansion, logistic infrastructure, modernisation, upgradation and its ready mixed concrete business.
On the VSF and chemicals business, the firm had earmarked Rs 450 crore for 2015-16 fiscal, of which it spent Rs 310 crore in the first nine months of the financial year, it said in a regulatory filing. The firm said it will spend a total of Rs 4,055 crore on capex in fiscal 2016-17 onward against 2,590 crore in 2015-16 and Rs 6,645 crore till March 2015
Project Value
INR 4000 Crore /-
Planning
Multi Location
Maharashtra
India
Chemicals,Building Products,Textiles
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