Grasim to invest $1 billion in viscose and chemicals – Feedback

Kumar Mangalam Birla-led Grasim Industries is planning to invest more than $1 billion in capacity expansion of its viscose and chemicals businesses.

“The investments will help the company to scale up its viscose capacity by 58% to 788 ktpa (kilo tonne per annum) and chemicals capacity to 1.14 mtpa (million tonne from annum) from 854 ktpa,” “All the investments will be funded through internal accruals of the company,” he said. Grasim reported a 17% fall in its third quarter consolidated net profit to ?786.9 crore due to loss from subsidiaries.

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