Grasim Industries Limited (GRASIM) — Board Meeting Announcement
📢 Key Event
Board approved ₹3,094 Crore capex for Lyocell capacity expansion
🔄 What Changed
Added 110K TPA Lyocell capacity with mid-2028 and mid-2030 commissioning timelines
🔮 What's Next
First 55K TPA line commissioning mid-2028; second line mid-2030
💡 Investor Takeaway
This expansion strengthens Grasim’s position in sustainable fibres and signals growth potential for future revenue and market share.
Grasim Industries approved a ₹3,094 Crore capex to expand Lyocell capacity by 110K TPA at Harihar, Karnataka, adding to existing Phase I capacity for a total 165K TPA addition. The investment will be funded through internal accrual and borrowed funds, with the first 55K TPA line commissioning mid-2028 and the second by mid-2030. This expansion supports Grasim’s strategic push into sustainable high-performance textiles and aligns with Make in India goals.
📄 View Original Announcement (PDF)
About Grasim Industries Limited (GRASIM)
Construction Materials · Cement & Cement Products · Listed on NSE
Market Cap: ₹1,99,652.33 Cr
P/E: 21.1
ROE: 4.6%
ROCE: 4.9%
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.