Grasim Industries to invest Rs 2,600 crore in capex in FY22

Company to invest Rs 5,000 cr in paint business over three years

Aditya Birla group firm Grasim has earmarked over Rs 2,600 crore as capital expenditure (capex) for financial year 2022 in the Viscose Staple Fibre (VSF) business. This will in addition to  company’s earlier announcement that it will invest of Rs 5,000 crore in its paint business over three years.
 

"We are currently in the process of carefully identifying plant sites that are close to consumption hubs for the paint business," Aditya Birla group chairman Kumar Mangalam Birla said while addressing the company's shareholders.

Like other top conglomerates, the group is also investing in renewable energy businesses. "Our solar power business