Grasim Industries has planned to invest Rs 10,000 crore in the paints business in the next three years. Last year, the company had announced its entry into paints business with an investment of Rs 5,000 crore. The company is all set to double the investment as the demand in the industry picks up for decorative paints.
The company is setting up five to six plants. The civil construction has already commenced at two of its plant sites -- Panipat and Ludhiana -- and is expected to start shortly at Chamarajanagar, in Karnataka. The remaining three plants are at different stages of government approval processes.
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.
Company Name | CMP |
---|---|
Grasim Industries | 2493.85 |
DCM Shriram | 1065.45 |
Birla Corporation | 1264.35 |
Surya Roshni | 547.90 |
3M India | 30745.80 |
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