Grasim Industries’ production capacity of VFY increases to 46,300 TPA

02 Feb 2018 Evaluate

Grasim Industries has concluded the transaction and has vested the Right to Manage and Operate the VFY Business of CTIL with effect from February 1, 2018. Consequently, the company’s production capacity of VFY stands increased from its existing capacity of 21,300 TPA to 46,300 TPA.

Last year in December, the board of directors of the company had approved the acquisition of the Right to Manage and Operate the Viscose Filament Yarn (VFY) business of Century Textiles and Industries (CTIL).

Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.

Grasim Industries Share Price

2505.30 -21.60 (-0.85%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2505.30
DCM Shriram 1096.65
Birla Corporation 1245.85
Surya Roshni 553.55
3M India 30982.10
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