Birla Pivot, a pioneering B2B e-commerce platform under the umbrella of Aditya Birla Group, has remarkably crossed the Rs. 1,000 crore revenue mark in its first fiscal year, FY24. This notable achievement by the Grasim Industries business unit underscores its rapid ascent in the B2B e-commerce domain, making it one of the fastest-growing platforms of […]
Grasim Industries Limited, a leading constituent of the Aditya Birla Group, has announced a groundbreaking investment from the International Finance Corporation (IFC), the World Bank Group’s private sector arm. The investment, totaling INR 1250 Crore (approximately $150 million), comes in the form of Non-Convertible Debentures (NCDs) dedicated to supporting Grasim’s foray into sustainable paint manufacturing. […]
Birla Cellulose, a global leader in sustainable man-made cellulosic fibers (MMCF), has achieved a significant milestone with its Kharach plant in Gujarat successfully commissioning a Carbon-disulphide (CS2) Adsorption Plant. This state-of-the-art facility has attained the prestigious EU Best Available Techniques (BAT) status, marking a significant achievement in sustainable manufacturing practices. Innovative Closed-Loop Technologies for Environmental […]
In a landmark decision, Grasim Industries Limited’s board has sanctioned a rights issue to muster funds up to ₹4,000 crore. The primary intent behind this move is to channel these funds towards the company’s progressive capital expenditure plan, diminish existing borrowings, and cater to general corporate requisites. Aligning Funds with Ambitious Goals A pivotal phase […]
Aditya Birla Capital Limited (ABCL), the holding company for the financial services businesses of the Aditya Birla Group, has wrapped up an impressive fundraise of Rs 3,000 crores, marking a new milestone in the company’s journey. The funds were raised through a Qualified Institutional Placement (QIP) of equity shares for Rs 1,750 crores, as well […]
Lubrizol Corporation, a Berkshire Hathaway-owned specialty chemicals leader, is set to bolster its growth trajectory in India with an investment exceeding $150 million. The commitment includes the establishment of India’s largest CPVC resin plant in Vilayat, Gujarat, doubling production capacity at its Dahej, Gujarat site, opening a new grease lab in Navi Mumbai, and fueling […]
Grasim Industries Limited and Lubrizol Manufacturing India Private Limited have reaffirmed their commitment to construct the first phase of the world’s largest single-site, state-of-the-art Chlorinated Polyvinyl Chloride (CPVC) resin production facility, located in Vilayat, Gujarat. The CPVC resin project, initially announced in October 2020, was delayed due to the global COVID-19 outbreak and associated supply […]
Grasim Industries said that its board of directors has approved the company’s entry into B2B e-commerce platform for building materials with an INR 2,000crore-investment over the next five years. According to the Aditya Birla Group flagship company, the investment adds a new high-growth engine with strong adjacencies within its standalone businesses as well as that […]
Grasim Industries Limited, an Indian textile manufacturing company owned by the Aditya Birla Group, said that it has commissioned a chloromethane project at its Vilayat unit in Gujarat. The capacity of the chloromethane project is 150 tons per day (TPD) / 50,000 tons per annum (TPA). According to Grasim Industries, this will result into a […]
Grasim Industries Limited, a part of Aditya Birla Group, and Century Textile and Industries Limited (CTIL) have agreed to create a joint venture called – Birla Advanced Knits Private Limited. The 50:50 joint venture between the parties will be engaged in manufacturing man-made cellulose fiber knit fabrics. Both the companies will provide their respective skills, […]