Grasim to spend over Rs 4,000 crore on capex in FY17 - Feedback

Aditya Birla Group firm Grasim Industries will spend more than Rs 4,000 crore on capacity expansion of its various businesses — cement, chemicals and VSF — in the coming financial year.

Grasim Industries is engaged in manufacturing of Viscose Staple Fibre (VSF) — used in apparels — and cement, which account for over 90 per cent of its revenues. The firm clocked a turnover of around Rs 32,838 crore in the 2014-15 fiscal. While the company will invest Rs 3,800 crore on capex in the 2016-17 fiscal on its subsidiary, cement maker Ultratech, it will pour in Rs 255 crore in its VSF and chemicals business during the same period.

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