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Grasim Industries Ltd

Tue 6/05/2025,15:56:29 | NSE : GRASIM

₹ 2728.70-26.40 (-0.96%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 2754.00

Previous Close

₹ 2755.10

Volume

288396

Mkt Cap ( Rs. Cr)

₹182685.76

High

₹ 2764.50

Low

₹ 2718.00

52 Week High

₹ 2877.75

52 Week Low

₹ 2171.60

Book Value Per Share

₹ 1387.87

Dividend Yield

0.36

Face Value

₹ 2.00

What’s Your Call?

Collective community sentiment on Grasim Industries Ltd

Your Vote -

Buy

91.12%

Hold

2.47%

Sell

6.41%

91.12%

608 users have voted

Market Depth

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

2728.70

38

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Bid Total

38

Bid Price

Qty

0.00

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Bid Total

0

Option Chain

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News

Media spotlight triggers grasim industries ltd stock attention, sentiment.

  • Grasim Inds. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    24 Apr 2025, 7:45PM GRASIM INDUSTRIES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer A
  • Grasim Inds. - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    24 Apr 2025, 7:33PM Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Appointment Of Senior Management Pers
  • Grasim Inds. - General Updates

    24 Apr 2025, 7:31PM Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Appointment Of Senior Management Pers
  • Grasim Inds. has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    17 Apr 2025, 11:50AM As of March 2025, 43.11% is owned by Promoters, 56.58% by Public and 0.30% by Non Promoters-Non Public. <p align=justify> Among Promoters holding, Ind
  • Grasim Inds. - Intimation of Repayment of Commercial Paper (CP)

    15 Apr 2025, 4:14PM Repayment of Commercial Paper
  • Grasim Inds. - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    9 Apr 2025, 1:27PM Certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter end
  • Grasim Inds. - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    9 Apr 2025, 1:28PM Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March 2025
  • Grasim Inds. - Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)

    7 Apr 2025, 7:58PM Specification related to ISIN for debt securities for the period 1st October 2024 to 31st March 2025
  • Grasim Inds. - Updates

    3 Apr 2025, 12:51PM Compliance under Reg 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Grasim Inds. - Compliance Under Reg 30(5) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

    3 Apr 2025, 12:52PM Compliance under Reg 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Grasim Inds. - Intimation of Repayment of Commercial Paper (CP)

    27 Mar 2025, 4:08PM Repayment of Commercial Paper
  • Grasim Inds. - Trading Window-XBRL

    21 Mar 2025, 5:54PM Grasim Industries Limited has informed the Exchange about Closure of Trading Window
  • Grasim Inds. - Trading Window

    21 Mar 2025, 5:47PM Grasim Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations
  • Grasim Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Mar 2025, 5:15PM Intimation of schedule of Analysts / Institutional Investor Meet
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Mar 2025, 5:14PM Intimation of schedule of Analysts / Institutional Investor Meet\r\n
  • Grasim Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    18 Mar 2025, 4:40PM Intimation of schedule of Analysts / Institutional Investor Meet
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    18 Mar 2025, 4:42PM Intimation of schedule of Analysts / Institutional Investor Meet\r\n
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Mar 2025, 6:37PM Intimation of schedule of Analysts / Institutional Investor Meet
  • Grasim Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Mar 2025, 5:03PM Grasim Industries Limited has informed the Exchange about Schedule of meet
  • Grasim Inds. - Intimation Of Record Date For Payment Of Interest Of Non Convertible Debentures

    5 Mar 2025, 6:58PM Intimation of record date for payment of interest of Non Convertible Debentures
  • Grasim Inds. - Commencement of commercial production/operations

    4 Mar 2025, 5:06PM Commencement of Commercial Production of Birla Opus Paints Plant at Mahad, Maharashtra
  • Grasim Inds. - Commencement Of Commercial Production Of Birla Opus Paints Plant At Mahad, Maharashtra

    4 Mar 2025, 5:08PM Commencement of Commercial Production of Birla Opus Paints Plant at Mahad, Maharashtra
  • Grasim Inds. - Intimation of Repayment of Commercial Paper (CP)

    28 Feb 2025, 4:45PM Repayment of Commercial Paper
  • Grasim Inds. - Updates

    27 Feb 2025, 4:14PM Corporate Dossier of Grasim Industries Limited.
  • Grasim Inds. - Corporate Dossier Of Grasim Industries Limited

    27 Feb 2025, 4:17PM Corporate Dossier of Grasim Industries Limited
  • Grasim Inds. - Intimation of Repayment of Commercial Paper (CP)

    25 Feb 2025, 5:34PM Repayment of Commercial Paper
  • Grasim Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Feb 2025, 3:13PM Intimation of schedule of Analysts / Institutional Investor Meet
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    24 Feb 2025, 3:16PM Intimation of schedule of Analysts / Institutional Investor Meet
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    17 Feb 2025, 3:06PM Transcript of post Earnings Call on the Unaudited Financial Results (Standalone & Consolidated) for quarter and nine months ended 31st December 2024
  • Grasim Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    17 Feb 2025, 3:06PM Transcript of post Earnings Call on the Unaudited Financial Results (Standalone & Consolidated) for quarter and nine months ended 31st December 2024
  • Grasim Inds. - Intimation of Repayment of Commercial Paper (CP)

    14 Feb 2025, 3:27PM Repayment of Commercial Paper
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    14 Feb 2025, 1:21PM Birla Cellulose and LNJ Bhilwara Group collaborate to explore functional Textiles with Graphene.
  • Grasim Inds. - Press Release

    14 Feb 2025, 1:20PM Birla Cellulose and LNJ Bhilwara Group collaborate to explore functional Textiles with Graphene.
  • Grasim Inds. - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Feb 2025, 3:16PM Grasim Industries Limited has informed the Exchange about Schedule of meet
  • Grasim Inds. - Updates

    12 Feb 2025, 2:55PM General Update.
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    12 Feb 2025, 3:18PM Intimation of schedule of Analysts / Institutional Investor Meet
  • Grasim Inds. - General Update

    12 Feb 2025, 2:56PM General Update
  • Grasim Inds. - General Updates

    11 Feb 2025, 4:18PM Audio Recording - Earnings Call
  • Grasim Inds. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    11 Feb 2025, 3:20PM GRASIM INDUSTRIES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer A
  • Grasim Inds. - Copy of Newspaper Publication

    11 Feb 2025, 3:17PM Intimation under Regulations 33 and 47 of SEBI (LODR) Regulations, 2015
  • Grasim Inds. - Audio Recording - Earnings Call

    11 Feb 2025, 4:19PM Audio Recording - Earnings Call
  • Grasim Inds. - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    10 Feb 2025, 9:41PM GRASIM INDUSTRIES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer A
  • Grasim Inds. posts Q3 net loss of Rs 168.65 cr

    10 Feb 2025, 8:50PM The company reported standalone net loss during the quarter stood at Rs 168.65 crore compared to net profit of Rs 236.31 crore in the previous year qu
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

    10 Feb 2025, 8:21PM Monitoring Agency Report for the quarter ended 31st December 2024
  • Grasim Inds. - Monitoring Agency Report

    10 Feb 2025, 8:20PM Monitoring Agency Report for the quarter ended 31st December 2024.
  • Grasim Inds. - Statement of deviation(s) or variation(s) under Reg. 32

    10 Feb 2025, 8:16PM Grasim Industries Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
  • Grasim Inds. - Statement Of Deviation(S) Or Variation(S) / Funds Utilized Through The Rights Issue For The Quarter Ended 31St

    10 Feb 2025, 8:16PM Statement of deviation(s) or variation(s) / funds utilized through the Rights Issue for the quarter ended 31st December 2024
  • Grasim Inds. - Appointment

    10 Feb 2025, 8:09PM Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Grasim Inds. - Retirement

    10 Feb 2025, 8:06PM Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Grasim Inds. - Retirement

    10 Feb 2025, 8:02PM Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Retirement

    10 Feb 2025, 8:01PM Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Grasim Inds. - Change in Director(s)

    10 Feb 2025, 7:59PM Grasim Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Change in Directorate

    10 Feb 2025, 7:59PM Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    10 Feb 2025, 7:56PM Press release on the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024
  • Grasim Inds. - Announcement under Regulation 30 (LODR)-Investor Presentation

    10 Feb 2025, 7:54PM Presentation on Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024.
  • Grasim Inds. - Press Release

    10 Feb 2025, 7:48PM Press release on the Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024.
  • Grasim Inds. - Integrated Filing (Financial)

    10 Feb 2025, 7:46PM Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024.
  • Grasim Inds. - Investor Presentation

    10 Feb 2025, 7:45PM Grasim Industries Limited has informed the Exchange about Investor Presentation
  • Grasim Inds. - Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended 31St December 20

    10 Feb 2025, 7:42PM Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024
  • Grasim Inds. - Integrated Filing- Financial

    10 Feb 2025, 7:42PM Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024
  • Grasim Inds. - Outcome of Board Meeting

    10 Feb 2025, 7:40PM Outcome of Board Meeting - Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024.
  • Grasim Inds. - Financial Result Updates

    10 Feb 2025, 7:38PM Grasim Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Grasim Inds. - Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Financial Results (Standalone & Consolidated) F

    10 Feb 2025, 7:38PM Outcome of Board Meeting - Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December 2024.
  • Grasim Industries

    5 Mar 2025 , 9:13AM The company has started production at its Birla Opus Paints plant in Mahad, Maharashtra, with a capacity of 180 MLPA for water-based paint, 20 MLPA for distemper, and 30 MLPA for solvent-based paint. This marks the operation of five out of six greenfield paint plants, bringing the total capacity for decorative paints to 1,096 MLPA. Positive
  • Stock update: Grasim Q3FY2025 result update

    24 Feb 2025 , 10:56AM Stock update: Grasim Q3FY2025 result update – Good growth in the paint business; Retain Buy
  • Stock Update: Grasim Industries Q2FY2025 Results Review

    18 Nov 2024 , 11:04AM Stock Update: Grasim Industries Q2FY2025 Results Review: Broadly in-line Q2; Retain Buy
  • Grasim Industries

    29 Oct 2024 , 11:15AM The company and Circ, a US-based textile-to-textile recycling innovator, have announced a long-term strategic partnership aimed at accelerating the scaling of recycling fibres within the textiles sector. This collaboration proposes, for Birla Cellulose to purchase up-to 5,000 tons of Circ's pulp, per year, for a period of 5 years from Circ’s first commercial-scale facility. This pulp will be converted into lyocell staple fibre, significantly enhancing access to recycled materials and supporting Circ as it scales its commercial production. Positive for Grasim Industries.
  • Stock Update: Grasim Industries Q1FY2025 Results Review

    12 Aug 2024 , 12:08PM Stock Update: Grasim Industries Q1FY2025 Results Review: Paints losses weaken Q1; Retain BUY
  • Stock Update: Grasim Industries Q4FY2024 Results Review

    24 May 2024 , 12:52PM Stock Update: Grasim Industries Q4FY2024 Results Review: Focus stays on scaling up new businesses; Retain BUY
  • Grasim's Birla pivot crosses Rs. 1,000 cr sales in FY24

    8 Apr 2024 , 2:11PM Grasim Birla pivot surpasses Rs. 1,000 crore revenue in its first year of operations
  • Grasim Industries

    5 Apr 2024 , 11:43AM The company’s board has approved the acquisition of 26% equity shares of Clean Max Decimus, a Special Purpose Vehicle for generation and transmission of renewable energy at an investment of Rs. 94.5 lakh.
  • Grasim Industries

    14 Mar 2024 , 12:04PM The Finance Committee of the Board of Directors of the Company considered and approved to raise funds by way of issuance of Non-Convertible Debentures of Rs. 1,250 crore.
  • Stock Update: Grasim Industries

    23 Feb 2024 , 11:18AM Stock Update: Grasim Industries Stock Update: Magnum “OPUS” unveiled; Retain Buy
  • Grasim launches paints business under 'Birla Opus' brand

    22 Feb 2024 , 1:50PM Launch of products and services under the Company's decorative paints brand, "Birla Opus"
  • Grasim Industries

    22 Feb 2024 , 10:31AM The Chairman of the Company Mr. Kumar Mangalam Birla will launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Panipat (Haryana), Ludhiana (Punjab) and Cheyyar (Tamil Nadu) on 22nd February 2024 from their Panipat plant. Positive for Grasim. For paint companies, Grasim’s entry into the space will put pressure on the margins of the paint companies in the near term due to emergence of strong pricing competition and paint companies would increase advertising and promotional spends to maintain its market share against the strong new player.
  • Grasim Industries

    8 Jan 2024 , 11:04AM The Assessor Collector (South), Kolkata Municipal Corporation vide their letter dated 6th January 2024 has approved to amicably settle the tax dues of the property situated at 3rd floor, Industry House, 10, Camac Street, Kolkata. The final settlement is arrived at Rs. 1,32,39,900 as against unpaid disputed property tax dues of Rs. 3,17,28,727 (including interest of Rs. 2,00,99,841/- and penalty of Rs. 15,14,975). Neutral for the stock.
  • Stock Update: Grasim Industries

    8 Jan 2024 , 10:27AM Stock Update: Grasim Industries: Rights issue to balance leverage and growth
  • Grasim Industries

    5 Jan 2024 , 12:21PM The company’s board approved Rights issue of 2.2 crore shares aggregating to Rs. 3999.8 crore at an issue price of Rs. 1812 (~12% discount to LTP). Rights issue entitlement ratio is six rights equity shares for every 179 equity shares held. The record date for the issue is January 10, 2024. The rights issue opening and closing dates are January 17, 2024 and January 29, 2024.
  • Grasim Industries

    1 Jan 2024 , 10:29AM The company has commissioned additional 1.23 lakh tons annual capacity of advanced materials manufacturing in Bharuch, Gujarat – Positive
  • Grasim Industries

    1 Jan 2024 , 9:56AM The company has commissioned additional 1.23 lakh tons annual capacity of advanced materials manufacturing in Bharuch, Gujarat – Positive
  • Stock Update: Grasim Industries Q2FY2024 Results Review

    16 Nov 2023 , 10:49AM Stock Update: Grasim Industries Q2FY2024 Results Review: Viscose lifts Q2 as chemicals sag
  • Grasim Industries

    17 Oct 2023 , 10:13AM The company’s board approved the raising of funds not exceeding Rs. 4,000 crore by way of a rights issue. The proposed rights issuance aims to fund the ongoing capital expenditure plan, repay existing borrowings, and support general corporate purposes. Positive for the stock.
  • Grasim to launch paints business under the name 'Birla Opus'

    14 Sep 2023 , 11:22AM The market launch of Birla Opus is scheduled for Q4FY24
  • Grasim Industries

    21 Jun 2023 , 10:18AM The meeting of the Finance Committee of the Board of Directors of the Company will be held on Friday, 23rd June 2023, inter alia, to consider the issue of Non-Convertible Debentures on private placement basis, in one or more tranches.
  • Grasim Industries

    5 Jun 2023 , 11:04AM As per the company’s announcement on 2nd May 2023 informing about the fire incident that occurred at one of the VSF manufacturing unit located at Harihar, Karnataka, India with an installed capacity of ~ 95K TPA. The operations of the Unit have been fully resumed from 3rd June 2023. As the Company has adequate insurance coverage, the loss due to the incident will be claimed under the Insurance policy and it does not expect any material impact on the Company’s profitability. Neutral read thru for the stock.
  • Grasim Industries

    3 May 2023 , 11:26AM A fire occurred at one of the VSF manufacturing Unit of the Company at Harihar, Karnataka, (installed capacity – 95K TPA) on 30th April 2023, which was put off in around ~2 hours. This has led to stoppage of Unit operations temporarily. The fire incident has not resulted into any human injury or casualty. The loss of the material / equipment is being assessed, which is covered by the Insurance policy. The management has initiated steps for early restart of the operations, which may take about 3-4 weeks’ time. However, the product supply to the customers will not get impacted as the demand will be met from inventory at Harihar / other VSF Units of the Company. As a result, this is not likely to have material impact on the Company’s profitability. Sentimentally negative for the stock.
  • Grasim Industries

    5 Apr 2023 , 11:56AM The Company has entered into 3 Term Loan Agreements on 3rd April 2023 to avail the Rupee Term Loan facility aggregating to Rs. 5,000 crore from Axis Bank. The Rupee Term loan shall be utilised for any of the following purposes: (i) Capital expenditure to be incurred; (ii) Reimbursement of capital expenditure already incurred in last 12 months; or (iii) Re-payment of existing borrowings.
  • Grasim Industries

    27 Mar 2023 , 10:59AM Grasim Industries buys 220 acres land parcel in Gujarat
  • Grasim Industries

    27 Mar 2023 , 10:53AM Grasim Industries buys 220 acres land parcel in Gujarat
  • Grasim Industries

    27 Mar 2023 , 10:52AM Grasim Industries buys 220 acres land parcel in Gujarat
  • Stock Update: Grasim Industries

    9 Mar 2023 , 10:47AM Stock Update: Grasim Industries: Healthy outlook for standalone businesses
  • Grasim Industries

    15 Feb 2023 , 12:21PM As per media reports, Aditya Birla Group has initiated an exercise to raise funds at the promoter level for an equity infusion into Vodafone Idea and is in discussions with global banks for raising term debt to subscribe to a preferential allotment of shares. These funds will be used to part-finance the planned Rs. 5,000 crore equity infusion by the promoters into Vi, following the Indian government's decision to convert dues worth Rs. 16,133 crore into equity. Neutral read through for the stock.
  • Grasim Industries

    12 Jan 2023 , 10:15AM Grasim Industries: As per media reports, the Association of Man-made Fibre Industry of India has requested the finance ministry to accept the Directorate General of Trade Remedies (DGTR) recommendation to levy an anti-dumping duty on imports of viscose staple fibre (VSF) from Indonesia. As per the Association, the imports of VSF increased five fold since removal of ADD in August 2021. The levy of anti-dumping duty if implemented would be positive for Grasim Industries.
  • Grasim Industries

    1 Dec 2022 , 9:33AM The Income Tax Appellate Tribunal, Mumbai (Tribunal) has decided on the appeal filed by the Company in respect of challenging the demand of Dividend Distribution Tax of Rs. 8334 crore pertaining to demerger of its Financial Services Business. The Tribunal has held that the demerger of Financial Services Business was a qualifying demerger under the provisions of the Income Tax Act, 1961 and therefore provisions of deemed dividend are not applicable. As per the said order of the Tribunal, the demand of Dividend Distribution Tax is not sustainable and hence quashed. Positive for the stock.
  • Grasim Industries

    20 Jul 2022 , 9:48AM Grasim Industries: The company announced its foray into B2B e-commerce platform for the Building Materials segment with an investment of ~Rs. 2,000 Crore over the next 5 years. This investment adds a new high-growth engine with clear adjacencies within Grasim’s standalone businesses as also that of its subsidiaries and associate companies. The platform will primarily focus on MSMEs in the Building Materials segment with the potential to further extend to other relevant categories. The key value proposition would be an integrated procurement solution including on-time delivery and a superior product range at competitive pricing. This platform will be operated by a newly recruited leadership team from the digital ecosystem. The Company believes that B2B e-commerce is a high growth opportunity with attractive long-term returns and will be highly value accretive to its stakeholders. Positive for the stock.
  • Grasim Industries

    4 Jul 2022 , 9:31AM Grasim Industries: The Dispute Resolution Panel has passed an order dated 30th June 2022 rejecting various objections of the Company and in partial relief allowed objection in the matter of Capital Gain Tax on the value of shares issued to the shareholders of the Company on demerger of Financial Services Business. Based on the said DRP order, the Deputy Commissioner of Income Tax (DCIT) will quantify the tax liability, for the Assessment Year 2018-19. DPIT had raised Rs. 5872.13 crore dated 14th March 2019 on account of Dividend Distribution Tax (including interest). For capital gains tax, based on the earlier draft Order, demand for the AY 2018-19 was estimated at Rs. 8,334 Crore, including interest and excluding any penalty proceedings. Negative for the stock. View: The tax liability is yet to be quantified by the DCIT for AY 2018-19 while the company is yet to clarify on its future course of action. Although, rejections of various objections of the company by the dispute resolution panel is Negative for the stock as it may lead to high tax liabilities.
  • Stock Update: Grasim Industries

    15 Feb 2022 , 11:53AM Stock Update: Grasim Industries: Chemicals compensate for VSF; Outlook Positive
  • Grasim Industries

    3 Jan 2022 , 10:39AM The company completed divestment of fertiliser business and received consideration of Rs. 1860 crore. Positive for the stock.
  • Stock Update: Grasim Industries

    15 Nov 2021 , 2:02PM Grasim Industries: Strong Q2; outlook stays bright
  • Grasim Industries

    8 Nov 2021 , 9:47AM The Company has successfully commissioned Chloromethane (CMS) project at Vilayat Unit, Gujarat on 4th November 2021, having capacity of 150 Ton Per Day (TPD) / 50,000 Ton Per Annum (TPA). This will result into an additional annualised revenue of ~Rs. 400 Crore. Positive for the stock.
  • Grasim Industries commissions new VSF capacity

    2 Nov 2021 , 1:35PM With this the company’s total caustic soda capacity has increased from 1,147 to 1,209 KTPA
  • Grasim Industries

    4 Oct 2021 , 9:50AM The Deputy Commissioner of Income Tax has raised a demand of Rs. 8334 crore on the company as capital gains tax with regard to sale of shares in the scheme of merger with Aditya Birla Nuvo and Aditya Birla financial services with Grasim during tax assessment year 2018-19. The company said that it would take appropriate action against the said Order which it believes is against the spirit of tax laws. Sentimentally negative for the stock.
  • Grasim Industries

    22 Sep 2021 , 11:16AM As per media reports, UK’s Vodafone Plc and aditya birla group are considering all options including putting in some fresh equity into Vodafone Idea.
  • Stock Update: Grasim Industries

    20 Sep 2021 , 9:44AM Stock Update: Grasim Industries: Positive triggers to boost valuation
  • Grasim Industries

    10 Aug 2021 , 10:35AM CCI has passed an order under section 4 of the Competition Act, 2002 dated 6th August 2021, against the Company. However, the CCI has not imposed any monetary penalty on the Company.
  • Grasim Industries

    1 Jul 2021 , 9:36AM The levy of Anti-Dumping Duty imposed on Viscose Staple Fibre (VSF) originating in or exported from China PR and Indonesia extended till October 31, 2021. Positive for the stock.
  • Stock Update – Grasim Industries Q4FY2021 Results Review

    25 May 2021 , 10:38AM Stock Update – Grasim Industries Q4FY2021 Results Review – Viscose drives strong operational performance
  • Grasim reports strong Q4 earning

    24 May 2021 , 4:11PM Q4 earnings for the Quarter ended March 31, 2021
  • Grasim's board approves raising of funds

    24 Mar 2021 , 11:21AM Grasim board approves raising funds within the borrowing limit of Rs. 10,000 cr
  • Grasim Industries

    22 Mar 2021 , 9:34AM The company’s board meeting will be held on Wednesday, 24th March 2021, to consider raising or borrowing monies by issue of debt instruments or securities including but not limited to issuance of rupee denominated or foreign currency denominated debt instruments/ bonds, in India or overseas, which may be issued in one or more tranches.
  • Stock Update – Grasim Industries

    16 Mar 2021 , 10:53AM Stock Update – Grasim Industries –VSF prices continue upward trajectory
  • Grasim Industries

    23 Feb 2021 , 12:19PM The company in yesterday’s AGM approved alteration to the Object Clause of the Memorandum of Association
  • Grasim Industries

    23 Feb 2021 , 9:14AM The company in yesterday’s AGM approved alteration to the Object Clause of the Memorandum of Association of the Company to carry business in Paints, coatings, plastics, lattices, styrene, butadiene and similar monomers, All kinds of plastic materials, polystyrene, vinyl chloride, polyvinyl chloride, All kinds of pigments, Biochemical, industrial and other preparations, All types of containers (detail in other news). Positive for the stock.
  • Stock Update – Grasim Industries Q3FY2021 Results Review

    15 Feb 2021 , 1:29PM Stock Update – Grasim Industries Q3FY2021 Results Review – Strong operational performance
  • Grasim Industries

    29 Jan 2021 , 9:59AM Grasim Industries: The company’s board approved issue of Non-Convertible Debentures (NCDs) on private placement basis, for an amount not exceeding Rs. 500 Crore, in one or more tranches.
  • Stock Update – Grasim Industries Q3FY2021 Results

    25 Jan 2021 , 12:24PM Stock Update – Grasim Industries Q3FY2021 Results – Painting a strong future outlook
  • Stock Update – Grasim Industries Q3FY2021 Results

    25 Jan 2021 , 11:59AM Stock Update – Grasim Industries Q3FY2021 Results – Painting a strong future outlook
  • Grasim Industries

    17 Dec 2020 , 10:23AM Grasim Industries: Caustic soda prices for December 2020 have risen by 22% m-0-m while chlorine price continued to remain positive. Positive for Grasim Industries as chemicals (caustics soda) comprise almost 30% of overall standalone revenues.
  • Stock Update – Grasim Industries

    4 Dec 2020 , 11:06AM Stock Update – Grasim Industries – Improving outlook in the standalone business
  • Vodafone Idea, Grasim Industries

    24 Nov 2020 , 9:34AM As per media news, Vodafone Idea has got an initial proposal for up to $2 billion (Rs. 15,000 crore) line of credit from a consortium led by Oak Hill Advisors. Sixth Street, Twin Point Capital and Varde Partners are among other global investors in the consortium that has given a non-binding term sheet to Vi. The proposed funding model will likely be a blend of bonds and warrants that will give the consortium members an option to convert part of the loan to shares of the company at a later stage. Vi has separately also reached out to Canada’s Brookfield to raise cash – The development could be positive for Grasim Industries and Ultratech as it removes key hangover on the said stocks to infuse funds in Vodafone Idea for its survival. We have a Buy rating on Grasim Industries and Ultratech.
  • Stock Update – Grasim Industries Q2FY2021 Results Review

    17 Nov 2020 , 11:00AM Stock Update – Grasim Industries Q2FY2021 Results Review – Improving operations & clarity on capital allocation; Upgrade to Buy
  • Grasim Industries standalone Q2FY2021 results

    13 Nov 2020 , 11:04AM Grasim Industries standalone Q2FY2021 results: Strong beat on net earnings led by sharp rise in operational profitability of VSF and caustic soda divisions. Announces divestment of fertilizer business for Rs. 2649 crore; Partnership with Lubrizol for setting up 100KTPA CPVC resin unit which would aid in captive chlorine integration for caustic division
  • Grasim Industries

    13 Nov 2020 , 10:20AM Grasim Industries is divesting its Fertiliser business by way of slump sale to Indorama India for a cash consideration of Rs. 2649 crore (at 1x FY2020 sales and almost 12x EV/EBITDA) which would unlock value from fertilizer business and help the company in pursuing growth opportunities in its core businesses. The timeline for divestment is estimated to be 9 months. The company also reported better-than-expected Q2FY2021 results led by sharp improvement in operational profitability in both Viscose and caustic soda verticals. Positive for Grasim Industries
  • Grasim Industries

    15 Sep 2020 , 10:06AM The company approved alteration to the object clause of the Memorandum of Association by replacing existing clause with revised clause to manufacture, produce refine, process, formulate, mix or prepare, mine or otherwise acquire, buy, sell, exchange, distributes, trade, deal in, import and export any and all kinds of chemicals, including heavy chemicals of all grades and organic and inorganic chemicals, food processing aids or food processing chemicals, fertilisers, linden, pesticides, manures their mixtures and formulation and any and all classes and kinds of chemicals, sources, chemical auxiliaries and analytical chemicals, mixtures, natural and synthetic and other derivatives and compounds.
  • Grasim Industries

    14 Aug 2020 , 12:43PM Stock Update – Grasim Industries Limited Q1FY2021 Results Review – Standalone business stays stressed
  • Grasim Industries

    14 Aug 2020 , 12:11PM Stock Update – Grasim Industries Limited Q1FY2021 Results Review – Standalone business stays stressed
  • Grasim Industries

    21 Jul 2020 , 11:33AM As per media reports, Directorate General of Trade Remedies (DGTR) has started the probe to assess if the subsidy programme of China for exports of ‘Viscose Rayon Filament Yarn above 60 deniers” is impacting the Indian industry. DGTR would recommend the amount of countervailing duty, which, if levied, would be adequate to remove the injury to the domestic industry. The period for investigation is FY2020. However, it will cover the data of 2016-19.
  • Grasim Industries

    7 Jul 2020 , 11:17AM Stock Update - Grasim Industries Limited– Roadblocks remain; Maintain hold
  • Grasim Industries

    15 Jun 2020 , 11:59AM Stock Update – Grasim Industries Limited Q4FY2020 Results Review – Standalone business outlook remains challenging
  • Vodafone Idea, Grasim Industries

    29 May 2020 , 9:15AM As per media news, Alphabet Inc.’s Google is considering acquiring a 5% stake in Vodafone Idea. Vodafone Idea is also looking at deferring its AGR related liabilities from government which if granted would increase interest of fund infusion in the company from its promoters.
  • Grasim Industries

    16 Apr 2020 , 10:50AM Stock Update – Grasim Industries Limited – Demand disruption a concern
  • Grasim Industries

    30 Mar 2020 , 12:15PM The Finance Committee of the Board of Directors of the Company will be held on Wednesday, 1st April 2020 to, inter alia, consider the issue of Non-Convertible Debentures (NCDs) on private placement basis, for an amount not exceeding Rs. 1,000 Crore, in one or more tranches.
  • Grasim Industries

    17 Mar 2020 , 10:24AM CCI has passed an order under section 4 of the Competition Act 2002 dated 16 March 2020, imposing a penalty of Rs. 301.61 Crore on Grasim Industries in respect of its domestic Man-Made Fibre turnover. While the Company is yet to receive the order of the CCI, it believes that on merits it has sufficient grounds for an appeal. Negative read thru for the stock. Currently, we have a Hold rating on the stock.
  • CCI imposes Rs. 301.61 crore penalty on Grasim Industries

    17 Mar 2020 , 10:10AM CCI imposes penalty of Rs 301.6 crore in respect to its domestic man-made fibre turnover
  • Grasim Industries

    11 Feb 2020 , 1:45PM Stock Update – Grasim Industries Limited Q3FY2020 Results Review
  • Grasim Industries

    10 Feb 2020 , 3:36PM Grasim Industries standalone Q3FY2020 results: OPM pressure on both VSF and caustic soda led by weak demand and overcapacity leads to 61% y-o-y and 69% y-o-y decline in standalone operating profit and net profit respectively.
  • Vodafone Idea, Grasim Industries

    12 Dec 2019 , 11:28AM Vodafone Idea, in a disclosure to BSE, denied any negotiations taking place with Brookfields or Edelweiss in relation to monetization of its optic fibre business and data centre. Negative read thru for Vodafone Idea and Grasim Industries.
  • Vodafone Idea, Grasim Industries

    11 Dec 2019 , 10:54AM As per media reports, Vodafone Idea is said to be in talks to sell its optic fibre business to Brookfield Asset Management and its data centre to the Edelweiss Group as its seeks to raise over $2.5 billion from asset sales ahead of a January deadline to pay statutory dues. Vodafone Idea will have to pay over Rs 53,000 crore ($7.5 billion) after the Supreme Court upheld the government’s definition of adjusted gross revenue (AGR) for telcos to include revenue from non-core activities. Vodafone Idea has appointed bankers to assess the incremental funds needed to meet the AGR dues and its capital expenditure plans.
  • Grasim Industries

    15 Nov 2019 , 12:14PM Stock Update – Grasim Industries Limited Q2FY2020 Results Review- Standalone profitability comes under pressure
  • Grasim Industries

    14 Nov 2019 , 4:27PM Grasim Industries standalone Q2FY2020 results: Realization pressure in VSF and caustic soda dents operating margins, leading to 35.5% y-o-y decline in adjusted standalone net profit
  • Grasim Industries, Vodafone Idea

    14 Nov 2019 , 10:52AM As per media reports, Aditya Birla Group will not infuse any fresh equity into Vodafone Idea and let it opt for insolvency if the government does not provide substantial relief, including on the company’s adjusted gross revenue based dues, which could be over Rs. 39,000 crore. Further, Vodafone group CEO wrote to PM that India remains a key market for his company and that he is confident of the India growth story (clearing rumors of Vodafone exiting India) – development is positive read thru for Grasim Industries if does not need to put any fresh capital into Vodafone Idea, which has been hangover on the stock. Potential Positive for Grasim Industries; negative read-thru for Vodafone Idea,
  • Grasim Industries

    11 Oct 2019 , 11:39AM As per media reports, Vodafone Idea requires a fresh round of equity infusion from its promoters by FY2021, despite slashing its capital expenditure, given its cash will last only for the next 15 months. Negative read thru for Grasim Industries which holds 11.55% stake in Vodafone Idea.
  • Grasim announces brownfield expansion of 45 TPD

    3 May 2019 , 9:34AM Grasim Industries: Has announced that brownfield expansion of 45 TPD value-added specialty fibre capacity at Gujarat Plant has been fully commissioned and the commercial production has commenced from May 1, 2019 – Positive read through for Grasim Industries.
  • Grasim gets Rs. 5,872.13 crore tax demand from Income Tax department

    18 Mar 2019 , 10:49AM Grasim Industries: received Rs 5,872.13 crore tax demand from the Income Tax department on account of the dividend distribution tax on Aditya Birla Capital shares that Grasim received after the demerger of Aditya Birla Capital from Aditya Birla Nuvo. In a statement to the stock exchanges, Grasim said the order was not tenable in law and the company was taking necessary action against the order. Sentimentally negative for the stock.
  • Grasim Industries completes acquisition of the chlor-alkali business of KPR Industries

    21 Feb 2019 , 1:42PM Grasim Industries: Has completed acquisition of the chlor-alkali business of KPR Industries. We have already highlighted in our earlier FNA that Grasim has signed a definitive agreement to acquire the Chlor-Alkali Business of KPR Industries by way of a slump sale, for a cash consideration of Rs.253 crore. The Business consists of an under-construction 200 TPD Chlor-Alkali project at Balabhadrapuram, Andhra Pradesh. The acquisition (along with our expansion projects) would expand the Grasim's caustic soda capacity to 1.22 MMTPA post completion of the project – positive read through Grasim.
  • Grasim to buy chlor-alkali biz of KPR Industries for Rs. 253 crore

    20 Feb 2019 , 10:09AM Acquisition of the Chlor-Alkali Business of KPR. Industries (India) Ltd
  • Grasim to acquire chlor-alkali biz of KPR Industries for Rs. 253 crore

    19 Feb 2019 , 10:48AM Grasim Industries to acquire KPR Industries for Rs. 253 crore for 200TPD under construction Chlor-Alkali project – Positive for the stock
  • Grasim Q3 net profit rises by 28% y-o-y

    7 Feb 2019 , 3:07PM Q3 net profit at Rs. 608 crore for the quarter ended December 31, 2018
  • Grasim Industries standalone Q1FY2019 results

    14 Aug 2018 , 3:18PM Grasim Industries standalone Q1FY2019 results: Robust revenue growth across segments and margin expansion led to sharp increase of 85% y-o-y in PAT
  • RBI and DIPP says no objections to increase Idea FDI

    8 May 2018 , 11:15AM Positive read through for Grasim Industries and Idea Cellular.
  • Vodafone & Idea to collectively pay Rs.18870 cr

    13 Apr 2018 , 10:07AM Negative read through for Idea Cellular and Grasim Industries (holding company of Idea).
  • Margin pressure wipes out benefits of better demand for Cement sector

    12 Apr 2018 , 11:36AM Cement companies under our coverage (ex-Grasim) are expected to witness revenue growth of 21% y-o-y in Q4FY2018.
  • Telecom department likely to approve merger between Idea and Vodafone India

    6 Apr 2018 , 12:40PM Positive read thru for Idea Cellular and Grasim Industries (Idea being an associate company of Grasim)
  • Grasim Industries expected to trim down its stake in Idea Cellular

    5 Mar 2018 , 1:10PM We maintain our Buy recommendation with a revised price target (PT) of Rs. 1,480 (upward revision driven by lower share of Idea losses and strong demand in standalone VSF business)
  • Grasim Industries report stellar performance in Q3FY18

    15 Feb 2018 , 12:52PM We maintain our Buy recommendation with revised price target (PT) of Rs.1,405 (upward revision in Ultratech price target and higher cash surplus in Grasim standalone).
  • Grasim's VFY business shows improvement in growth prospects

    15 Dec 2017 , 12:00PM Grasim Industries: Prudent asset-light expansion in VFY division; Retain Buy with a revised PT of Rs. 1,380
  • Grasim to operate 25k TPA VFY Century Textile capacity

    13 Dec 2017 , 12:46PM Grasim Industries is expected to receive 'Right to manage & operate' 25K TPA Viscose Filament Yarn Business.
  • Grasim to operate 25k TPA VFY capacity of Century Textile

    13 Dec 2017 , 9:01AM Positive read through for Grasim Industries as it is expected to receive 'Right to manage & operate' 25K TPA Viscose Filament Yarn Business.
  • Grasim Inds Q2 consolidated operating margins decline

    14 Nov 2017 , 2:58PM Grasim Industries Q2FY2018 Results: ABNL merger leads to 63% and 42% YoY growth in revenues and operating profit; net profit down 21% YoY on higher interest, depreciation and Idea losses
  • Grasim and Arvind announce combined investments - positive for both

    18 Oct 2017 , 8:41AM Grasim and Arvind have announced combined investments of over Rs4400 crore to be made in Gujarat as per media reports.
  • Grasim Industries penalised by CCI

    6 Oct 2017 , 9:58AM The CCI has imposed a penalty of Rs2.3 crore on Grasim, Rs2.09 crore on Aditya Birla Chemicals and Rs1.88 crore on Gujarat Alkalies and Chemicals for their anti-competitive conduct - Negative
  • ABCL, demerged subsidiary of Grasim Industries

    5 Sep 2017 , 9:10AM Grasim Industries: Stock update - Valuation premium too high for ABCL. Read details below:

Key fundamentals

Evaluate the intrinsic value of Grasim Industries Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 61567.5 52209.17 52736.56 46958.97 42611.35
Liabilities 61567.5 52209.17 52736.56 46958.97 42611.35
Equity 132.8 131.69 131.66 131.61 131.56
Gross Profit 2316.04 3179.89 3216.16 1564.32 2135.44
Net Profit 945.39 2123.73 3051.27 905 1288
Cash From Operating Activities 1777.59 2318.83 2656.24 2397.35 3315.03
NPM(%) 3.65 7.91 14.62 7.3 8
Revenue 25847.33 26839.71 20856.84 12386.36 16081.87
Expenses 23531.29 23659.82 17640.68 10822.04 13946.43
ROE(%) 1.01 2.28 3.28 0.97 1.38

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
06 Aug 2024 10 500 0.37 2436.65
11 Aug 2023 10 500 0.37 1688.3
11 Aug 2022 5 250 0.37 1375.55
11 Aug 2022 5 250 0.37 1402.75
12 Aug 2021 4 200 0.37 1374.9
12 Aug 2021 5 250 0.37 1370.75
26 Aug 2020 4 200 0.37 581.9
08 Aug 2019 7 350 0.37 910.05
31 Aug 2018 6.2 310 0.37 1047.35
08 Sep 2017 5.5 275 0.37 1120.45
07 Sep 2016 22.5 225 0.37 4134.15
03 Sep 2015 18 180 0.37 3625
20 Aug 2014 21 210 0.37 2629.6
31 Jul 2013 22.5 225 0.37 2940
06 Sep 2011 20 200 0.37 2360.8
10 Aug 2010 30 300 0.37 2522.9
24 Jul 2009 30 300 0.37 2283.7
22 Jul 2008 30 300 0.37 2474.2
15 Mar 2007 27.5 275 0.37 2101.9
09 Aug 2006 20 200 0.37 2360.7
29 Jun 2005 16 160 0.37 1162.5
05 Jul 2004 14 140 0.37 1195.95
14 Jul 2003 10 100 0.37 364.35
16 Jul 2002 0 90 0.37 305.5
0 80 0.37 305
28 May 2001 0 80 0.37 287.7
0 10 0.37 327.85
0 67.5 0.37 351.35
0 67.5 0.37 349.05
0 65 0.37 344.25

Peers

Other companies within the same industry or sector that are comparable to Grasim Industries Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Inox Green Energy Services Ltd 136.99 -2.64 142.70 80125.08 7.60 0.00
Prozone Realty Ltd 36.54 1.95 0.00 41645.36 14.84 0.00
Sahyadri Industries Ltd 265.15 -1.65 14.91 2988.26 240.90 0.38
Jindal Photo Ltd 883.80 1.18 3.10 2799.49 2588.62 0.00

Company Info

1947 - The Company was Incorporated on 25th August, at Gwalior. The Company Manufacture viscose staple fibre, carbon-di-sulphide, sulphuric acid, sodium sulphate, rayon and cotton fabrics, rayon grade pulp, paper, etc. The company also owns an engineering workshop. 1951 - 1,50,000 Right Pref. shares issued at par in prop. 3:1, 24,50,000 Right Equity shares issued at par in prop. 49:1. 1953 - 1,33,000 Right equity share of 1951 subscribed. In October, 10 lakh Rights equity shares issued at par (Prop. 5:6 Equity or Pref.). 1956 - In September 1955, 4,57,000 Right Equity shares issued at par (Prop. 1:2.50 equity and/or Pref.) 1959 - 50,000 Pref. shares issued at par in propn. 1:50 (Only 765 shares taken up). 1963 - The Company purchased a cotton textile mill at Bhiwani (Punjab) with an installed capacity of 18,000 spindles and 286 looms and named it as Bhiwani Textile Mills. 1967 - The Company applied to Government for permission to establish a polynosic fibre unit in Harihar (Karnataka) with a production capacity of 100 tonnes per day. 1968 - In December, 5,00,000 bonus equity shares issued in propn. 1:10. 1969 - In August 2,00,000 - 9.3% Pref. shares offered to public. In August 1970, 11,00,000 bonus equity shares issued in propn. 1:5. 1971 - 765 `B' Pref. and 1725 `A' Pref. shares redeemed on 31.3.1972. 1974 - The Company received a letter of intent for setting up a polynosic fibre unit at Harihar (Karnataka) with a production capacity of 100 TPD. - The Company revalued the machinery and equipment of its staple fibre and pulp units. The Company again revalued the major items of plant and machinery installed in its staple fibre and pulp division as on 1st April, 1980. The value of the assets of the Company's caustic soda plant and new power plants situated at Birlanagram, Nagda were revalued as on 1st April, 1985. - 39,60,000 Bonus equity shares were issued in prop. 3:5. 1976 - 52,80,000 Bonus Equity shares issued in the prop. 1:2. 1979 - The Company participated in a joint venture project in Bihar for the manufacture of 33,000 tonnes of caustic soda per annum. For this purpose, a new Company under the name and style Bihar Caustic & Chemicals, Ltd. was formed. - 20,00,000 No. of Equity Shares issued (Prem. Rs 25 per share) 1,00,000 shares reserved and allotted to employees; 3,64,918 shares allotted as Rights to shareholders who were individuals in prop. 3:25 and 15,35,082 shar es offered to public. 1980 - The Company joined as co-promoter with Tamil Nadu Industrial Development Corporation, Ltd. for setting up an aluminium fluoride manufacturing plant in Ramnad, a backward district in Tamil Nadu. For this purpose, a new company under the name and style Tamil Nadu Fluorine & Allied Chemicals, Ltd. was incorporated. - The Company entered into a collaboration agreement with the State Industrial and investment Corporation of Maharashtra (SICOM) for setting up a gas-based sponge iron project with a capacity of 4 lakh tonnes per annum. 1982 - The Company issued 18,75,000-13 1/2% convertible bonds of the face value of Rs 160 each f or an aggregate amount of Rs 30 crores. Rs. 40 out of each bond is convertible into 2 equity shares of Rs 10 each at a premium of Rs 10 per share on 1st April 1983. The balance of Rs 120 per bond will be repayable at par in 5 equal annual instalments commencing from the 8th year from the date of allotment. 1984 - The Company received a letter of intent for the manufacture of stable bleaching powder with an annual capacity of 10,000 tonnes to be implemented in two phases of 5,000 tonnes per annum each. 1985 - A collaboration agreement was entered into with LVD Company N.V., Belgium for the manufacture of sophisticated balers for the man-made fibre industry. - The Company joined as one of the co-promoters in Indo-Gulf Fertilisers and Chemicals Corporation, Ltd. (INDOGULF), which set up a project for the manufacture of 1,350 tonnes per day of ammonia and 2,200 tonnes per day of urea at Jagdishpur, Uttar Pradesh. 1986 - The Company entered into collaboration agreement with Nevmag of W. Germany for the manufacture of a wide range of equipments from spinning down to cutter for polyester, polyamide, polypropylene and acryulic fibre machineries. The Company also explored the possibilities for entering into collaboration for the manufacture of specialised equipment for petrochemical and other chemical industries. - Stable bleaching powder (SBP) was marketed under the brand name "Vikram SBP" and a beginning was also made in the exports market. - The name of the Company was changed from Gwalior Rayond Silk Mfg. (Wvg.) Co., Ltd. to the present one with effect from 22nd July. 1987 - The plant continued to remain closed. The strike by workmen since 7th July, 1985 was called off consequent to a conciliation agreement arrived at on 27th October, 1988 and resumed production on 29th June, 1989. - A letter of Intent was received to install 5,000 worsted spindles at Malanpur in Bhind District, a backward A class area. The licensed capacity of caustic soda plant was re-endorsed at 90,000 tonnes per annum. - The Company proposed to participate in the Mangalore Refinery and Petrochemicals Ltd., a joint venture formed by Indian Rayon & Industries Ltd., Hindustan Petroleum Corporation, Ltd. to the extent of 12% in the equity capital of the Company. This joint venture was to have a capacity of 3 million tonnes per annum a petrochemical complex to produce a minimum of 2,50,000 tonnes per annum of ethylene. - A letter of intent was received to set up a gas-based sponge iron project with an installed capacity of 6 lakh tonnes per annum in the Raigad District of Maharashtra. - Approval from Government was received for setting up a project for the manufacture of colour T.V. glass shells in foreign technical collaboration with the Asahi Glass Company, Ltd., Japan. - Kerala Spinners, Ltd., Gwalior Properties & Estates Ltd. (GPEL) and Seshasayee Properties Ltd. (SPL) are the subsidiaries of the Company. During the year, Turquoise Investments & Finance Ltd. and Trapti Trading & Investments Ltd. became subsidiaries of GPEL and SPL respectively. - The Company allotted 60,00,000 - 14% non-convertible secured debentures (VI series) of Rs 100 each. These debentures are redeemable at a premium of 5% of face value in three annual instalments commencing from 8.12.1994. 1988 - The Engineering Division entered into a technical agreement with Thai Acrylic Fibres, Ltd. for providing technical know-how. M/s. Andhra Pradesh Rayons entered into a technical collaboration agreement with the Company for the supply of 45 tonne/day viscose staple fibre plant on a turnkey basis valued at Rs 38 crores. - The Company introduced successfully during the year Grasim "MASTERWEAR" readymade shirts and trousers. - Steps were initiated to set up the poly aluminium chloride and the chlorosulphonic acid projects. The Poly Aluminium Chloride (PAC) project was commissioned in the 3rd quarter of 1990. The Commissioning of the Chlorosulphoric Acid project was delayed because of a strike in the supplier's plant which resulted in the delayed delivery of plant and machinery. - It was proposed to set up a hydrogen peroxide project with an installed capacity of 6,000 tonnes per annum at Nagda in collaboration with a renowned company of U.S.A. - During December, the Company offered 92,85,714 - 12.5% secured redeemable partly convertible debentures of Rs 70 each for cash at par of which the following were reserved for allotment on a preferential basis: - (i) 71,42,857 debentures to the equity shareholders of the Company in the proportion 7 deb: 40 equity shares and - (ii) 4,64,286 debentures to employees (including Indian working directors)/workers of the Company on an equitable basis. The remaining 16,78,571 debentures along with the unsubscribed portion, if any, from the preferential quota were to be offered to the public. Additional 13,92,857 debentures allotted to retain oversubscription. - The convertible portion of Rs 35 out of the face value of each debenture was converted into one equity share of Rs 10 each at a premium of Rs 25 per share on 31st March, 1989. The non-convertible portion of Rs 35 out of each debenture was to be redeemed at par in three annual instalments of Rs 10, Rs 10 and Rs 15 on the expiry of 7th, 8th and 9th years respectively from the date of allotment of debentures. 1989 - The cotton textile mill unit's working was affected by protracted labour unrest and strike by workmen. - The Company issued 115,00,000-14% secured redeemable non-convertible debentures of Rs 100/- each (VIIth Series) on rights basis to resident Indian equity shareholders, in the ratio of 245 debentures for every 1000 equity shares held. Additional 15,74,982 debentures were allotted to retain over subscription. As per the terms, the entire amount of Rs 100/- will be redeemed in three equal annual instalments beginning at the end of 6th year from the allotment date with a premium of Rs 5/- per debenture. - During September, the Company issued 1,04,16,666-12.5% secured redeemable partly convertible debentures (IInd Series) of Rs 120/- each to the existing equity shareholders in the ratio of 21 debentures for every 100 equity share held. All were taken up. Additional 15,62,500 debentures issued to retain oversubscription. 5,20,834 debentures were also offered to employees/workers of the Company but only 61,940 debentures were taken up. The balance of 4,58,894 debentures were allowed to lapse. - As per the term of issue, Rs 60 of each debenture was converted into one equity share of Rs 10 each at a premium of Rs 50 per share at the end of six months from the allotment date, i.e. on 1.6.1990. The balance Rs 60/- of each debenture was to be redeemed at par in three equal annual instalments of Rs 20/ - each at the end of 7th, 8th and 9th years from the allotment date. This issue was made to part fi nance the sponge iron project. 1990 - The Company received two letters of intent for setting up new green field site portland cement plants each having an annual capacity of one million tonnes-one in Baloda Bazar, Dist. Raipur (M.P.) and the other at Shamb hupura, Dist. Chittorgarh (Rajasthan). - The Company issued 1,30,00,000-14% secured redeemable non-convertible debentures of Rs 100/- each (IXth Series) and 25,00,000-14% secured redeemable non-convertible debentures of Rs. 100/- each (VIIIth Series) to finance new cement plant at Raipur (M.P.). 1991 - The Engineering division undertook to manufacture equipments for dairy and sponge iron plants. It also manufactured and supplied the state of the art technology lift-box design baling press with autorotation and auto-bale weighing device. It also explored the possibility of supplying know-how and consultancy services along with plant and machinery to existing and potential manufacturers of rayon - both fibre and filament, in China. - The working of the mill was affected to some extent by labour problem leading to a forced lock-out in the spinning section since February 17th, 1992 and resumed to work with effect from 10th October. - The Company issued and allotted 15,00,000-14% non-convertible debentures (XI Series) of Rs 100 each. These are redeemable in three instalments commencing from 26th March, 1997. The Company issued and allotted 155,00,000-18% non-convertible debentures of Rs 100 each (X Series) redeemable in three annual instalments Commencing from 18th October, 1997. 1992 - An aggregate of 6,933,745 GDS were offered at an initial price of US $12.98 per GDS by managers concurrently to (i) qualified institutional buyers (UIBs) in the USA and (ii) persons in offshore transactions. - The Company proposed to issue Euro equity to the tune of UA $100 million to investors abroad. The Company proposed to issue another Euro equity to the tune of US $125 million. 1994 - The cotton textile mill unit undertook to set up a new unit "Elegant Spinners" with 14,000 spindles. - The Company issued the following debentures on private placement basis: (i) 160,00,000-16.5% (xiii Series) redeemable in 3 instalments commencing from 11.7.2000, (ii) 70,00,000-15% debentures redeemable in 3 annual instalments commencing from 19.1.2001. 1995 - A new range of fabric under the brand name ADONIS was introduced. - Birla Capital International AMC Ltd. an asset management Company was set up as a joint venture with Capital Group International Inc., a major US based investment management organisation. The Unit launched Birla Advantage Fund in February. - The Company undertook to set up joint venture power projects to be set up in U.P. & M.P. These are to be set up in Collaboration with Powergen Plc., U.K. for Rosa power project of 1000 MW and Bina Power project of 1000 MW detailed techno economic study was undertaken. - The Company undertook to set up a joint venture, Alexandria Carbon Black Co., in Egypt to produce 20,000 tpa of Carbon black at full capacity with an equity participation of an approximate value of US $ 2.25 million, i.e. Rs 7.10 crores representing 15% of the total equity capital. 1996 - A new synthetic denim with an universal blend of polyster, viscose, cotton was launched under the brand name SUMO. 1997 - The Cotton textile division launched a novel denim brand `Jusilk' using a blend of polyester and jute, along with a unique water repellent denim. - In order to establish its own viscose fibre spinning facilities the Company entered into a leave and licence agreement with Eastern Spinning Mills & Industries, Ltd., Calcutta for running its spinning unit for a period of 3 years from 27th July, 1984. This spinning unit had an installed capacity of about 25,000 spindles. - A new division, Vikram Premium RMC was formed for production of Ready Mixed Concrete. The Company applied for an industrial licence to set up a gas-based fertiliser plant for the manufacture of 4.5 lakh tonnes of ammonia and 7.5 lakh tonnes of urea per annum in U.P. - The flagship company of the Aditya Birla group, Grasim is setting up yet another plant to manufacture rayon grade pulp. - Grasim Industries Ltd., a flagship company of the Aditya Birla Group, has reached final stages of negotiation with the Rajasthan Government for setting up 200 TPD rayon grade pulp plant at Amarpura, about 100 km from Bikaner. - Grasim Industries Ltd., has signed an agreement with National Securities Depository Ltd., (NSDL) and MCS Ltd. to dematerialise its shares. Grasim has its in-house share department. - The company is setting up a new plant in Pondicherry for the production of radial tyres. 1998 - Grasim Industries Limited (GIL) has claimed to have developed a synthetic suiting for the first time in the country. - Vikram Ispat, a unit of Grasim Industries and a part of the Aditya Birla group, has bagged Maharashtra Government's export award for highest export of hot briquetted iron (HBI) which is an integral ingredient of the steel sector. - Shareholders of Indian Rayon Ltd. will get three shares of Grasim Ltd. for every ten shares held, as a part of the cement business restructuring by the A.V. Birla group. - Vikram Cement, a unit of Grasim Industries, Mandasaur has won the IMC's Ramakrishna Bajaj National Quality Award Trophy, and Hindustan Lever's unit at Chindwara has bagged its certificate of merit for 1998. 1999 - Grasim Industries Ltd. has suspended production at its pulp and staple fibre units located at Mavoor, Kerala for want of raw material. 2000 - Grasim Industries Ltd, the Aditya Birla group company, has launched market-seeding for its new micro grade viscose staple fibre - Grasi Soft. - Grasim Industries Ltd. proposes to merge its wholly owned subsidiary Dharani Cements Ltd. with the company. - The Company has hived off the Software Division, called Birla Consultancy and Software Services into a separate subsidiary. - The Company has launched Kool Wool, a polyester viscose blended suiting fabric, under the Graviera Suiting umbrella name. 2001 - The Textiles division of Grasim Industries Ltd. has introduced a trouser fabric, Aquasoft. - Dharani Cements Limited, a wholly owned subsidiary of the company, has been amalgamated with the Company under the Scheme of Arrangement in terms of section 391/394 of the Companies Act 1956 effective from 1st November, 2000. - The Company has transferred its Software Division to its wholly owned subsidiary company Birla Technologies Limited, effective 1st February. 2002 - Birla Technologies ceases to be subsidiary of Grasim Industries -Grasim, Pantaloon in technical tie up to manfacture Viscose Staple Fibre (VSF) -Grasim, L&T set up joint task force for logistics, promotion and procurement of raw materials -Acquires additional 2.84% stake of L&T, increases the stake to 12.89% -Stops production at Staple Fibre Plant located at Nagda due to water shortage -Restarts production at Staple Fibre Plant located at Nagda - Grasim Industries hikes its holding further in Larsen & Toubro (L&T) which stands at 13 per cent as on June 30 -Approves sale of equity shares in Mangalore Refineries to ONGC -Mops up Rs 50cr through inverse floater -Acquires 1.26 lac shares of Larsen & Toubro, takes its stake to 14.15% -Increases its stake in L&T to 15.15 per cent -SEBI asks Grasim to put on hold L&T open offer -Sends legal notice, challenging Larsen & Toubro's attempt to demerge the cement business into a separate company 2003 -Puts forward alternate proposal for L&T cement demerger -Agrees to pay Rs 130 per share for acquiring the cement company formed by splitting engineering and construction major Larsen & Toubro -Acquires L&T's cement business -SEBI clears the hurdle, allows Grasim to make open offer for L&T -Enhances L&T open offer size by 10.49 lakh shares -Delists from Bangalore Stock Exchange -Grasim's open offer for L&T pie fetches poor response, grabs only 2% through open offer -Grasim mops-up $50-ml loan from SBI -Revises open offer price for L&T cement division to Rs 170 per share from Rs 130 per share -Resumes operations at Nagda plant -Divests its holding in Indo Gulf Fertilisers Ltd (IGFL), holding in the company comes down from 12.6% to nil - Re issuance of GDR -Appointed Shri Y P Gupta as an Additional Director. -Delisted the shares of the Company from its Stock Exchange. -Shri Shailendra K Jain has been reappointed as the Whole Time Director of the Company for a period of 3 years wef December 1, 2003. 2004 -Acquires majority stake in Ultra Tech CemCo Ltd (Ultra Tech), the demerged Cement business of L&T -AV Birla Group flagship Grasim Industries' textile and apparel unit has launched 'Venetia' range of fabric, with the promise of delivering international class suite-length at an 'affordable' Rs 5,000 -Grasim Industries signs an agreement with ST Telemedia & TM International to acquire stake in Idea Cellular -Delist from the Madhya Pradesh Stock Exchange (MSE), with effect from December 13, 2004 2005 - Grasim acquired St. Anne Nackawic Pulp Mill, Canada with Tembec Inc. 2006 - Grasim formed joint venture company, Birla Jingwei Fibres Company Limited and acquired VSF plant in China. 2007 - Grasims commissioned Eighteen ready-mix concrete plants 2008 -Grasim commissions brownfield expansion at Aditya Cement at Shambhupura (Rajasthan). -Grasim Industries Ltd has informed that the Board of Directors of the Company at its meeting held on October 23, 2008, has appointed Shri. A K Dasgupta as an Additional Director of the Company. -Grasim commissions brownfield expansion at Aditya Cement at Shambhupura (Rajasthan). 2009 -Grasim hives off its sponge iron business by way of slump sale -Grasim commissions a greenfield cement plant at Kotputli (Rajasthan). -Grasim's plants Vikram Cement and Aditya Cement win the Federation of Indian Mineral and Industries' "Social Awareness Award. -Mr. Ratan Shah, the Group Executive President and Chief Marketing Officer, Cement and Mr. R. M. Gupta, Sr. Executive President, Vikram Cement and Aditya Cement, received the Award at the hands of the honourable President of India, Mrs. Pratibha Patil at Vigyan Bhavan, New Delhi. 2010 - Grasim Consolidates the cement business under UltraTech Cement Limited. 2011 - Grasim acquired stake in Domsj” Fabriker AB. - Forbes magazine ranks Grasim among the fabulous 50 companies in Asia. - Grasim Industries Ranks second for Best Corporate Governance Practices in Asia-Pacific by IR Global Rankings. Also ranked best company in Corporate Governance Practices in Basic Materials Industry, globally. - Grasim Industries Ranked as the Best Investor Relations Company-Building Materials in Asia by Institutional Investors Magazine. - The CII - Leadership and Excellence Award in Safety, Health and Environment presented to Grasim's Staple Fibre Division, Nagda. - The Asian Corporate Social Responsibility Award presented to Grasim's Staple Fibre Division, Nagda. 2012 - Grasim Industries has signed an agreement through AV Terrace Bay Inc.,Canada, a Special Purpose Vehicle (SPV), to acquire the assets of the Terrace Bay Pulp Inc., a paper grade pulp mill in North America. Grasim will be holding 40% interest in the proposed SPV while Thai Rayon Public Co. Ltd. - Aditya Birla Group-led Grasim Industries Ltd entered into an agreement with Japan-based Omikenshi for developing global markets of functional rayon products. 2013 -Grasim Industries Ltd has recommended a dividend @ Rs. 22.50 (Rupees Twenty two and Paise Fifty only) per equity share. 2014 -Grasim Industries Commencement of Commercial Production at Viscose Staple Fibre Plant at Vilayat (Gujarat). -Grasim Industries Ltd has recommended dividend @ Rs. 21 (Rupees Twenty-one only) per equity share. 2015 -Grasim Industries Ltd has submitted a copy of the Presentation on Aditya Birla Chemicals (India) Limited to Merge with Grasim -Grasim Industries Ltd has completed the last phase of its Greenfield Viscose Staple Fibre (VSF) Plant at Vilayat (Gujarat) for production of Specialty Fibre, by commissioning the 4th line -Grasim Industries Ltd has received Competition Commission of India (CCI) approval on marger of Aditya Birla Chemicals (India) Ltd with Grasim Industries. -Grasim Industries Ltd has informed BSE that the Scheme of Amalgamation of Aditya Birla Chemicals (India) Ltd with Grasim Industries Ltd has been sanctioned by the Hon'ble High Court of Madhya Pradesh 2016 -Aditya Birla Chemicals (India) Ltd merged with Grasim Industries Ltd 2017 -Grasim Industries has been awarded the US Department of Agriculture (USDA) certified biobased product label for its dope dyed fibres- Birla Spunshades. 2018 -Award for Best Export Performance in the Category of Viscose Staple Fibre (Gold Trophy) 2018 conferred by textile minister. -Grasim Industries arm unveils international design studio in New York. -Grasim Industries receives green nod for expansion project. 2019 -Grasim wins `Best Manufacturing Company (>Rs 2,500 crore) category' at Business Today's Business Leaders of Madhya Pradesh Awards 2019. -Grasim's Indo Gulf Fertilisers unit at Jagdishpur in Uttar Pradesh receives the Four Leaves award from NGO Centre for Science and Environment (CSE) 2019 2020 -Grasim Industries Ltd, Grasilene Division, Harihar, has been bestowed with the CII-ITC Sustainability Award 2019 for Excellence in Environment Management. -Grasim Industries ranked 9th among the top 10 Indian corporates for its Sustainability and CSR practices by the ET and Futurescape 7th Responsible Business Rankings 2020. -Grasim Industries Limited (Staple Fibre Division- Nagda) wins the prestigious Golden Peacock Award for CSR in the Textile and Apparel sector for the year 2019. 2021 ETSDGs Impact Summit recognizes Grasim as India's Top Company for Sustainability and CSR. Grasim ranked #7 on Responsible Business Ranking in Economic Times-Futurescape 8th Sustainability Index Report 2021 -Nagda SFD plant awarded Economic Times Promising Plants 2021. 2022 -Grasim wins 2 Gold Shields at The Institute of Chartered Accountants of India (ICAI) Awards Ceremony. -Grasim today approved a foray into B2B e-commerce platform for the Building Materials segment with an investment of ~ INR 2,000 Crore over the next 5 years. 2023 -Grasim wins Silver under Excellence Award by The Institute of Chartered Accountants of India (ICAI). -Grasim - Pulp and Fibre wins the prestigious Golden Peacock Innovation Management Award 2022. 2024 -The company issued rights shares of Rs. 2 in the ratio of 6:179 at a premium of Rs. 1810 per share. -The Company Commencement of commercial production of Birla Opus Paints plant at Chamarajanagar, Karnataka. -The Company Recognised as a Sustainable Organisation 2024 by Times Now - Global Sustainability Alliance.

1947 - The Company was Incorporated on 25th August, at Gwalior. The Company Manufacture viscose staple fibre, carbon-di-sulphide, sulphuric acid, sodium sulphate, rayon and cotton fabrics, rayon grade pulp, paper, etc. The company also owns an engineering workshop. 1951 - 1,50,000 Right Pref. shares issued at par in prop. 3:1, 24,50,000 Right Equity shares issued at par in prop. 49:1. 1953 - 1,33,000 Right equity share of 1951 subscribed. In October, 10 lakh Rights equity shares issued at par (Prop. 5:6 Equity or Pref.). 1956 - In September 1955, 4,57,000 Right Equity shares issued at par (Prop. 1:2.50 equity and/or Pref.) 1959 - 50,000 Pref. shares issued at par in propn. 1:50 (Only 765 shares taken up). 1963 - The Company purchased a cotton textile mill at Bhiwani (Punjab) with an installed capacity of 18,000 spindles and 286 looms and named it as Bhiwani Textile Mills. 1967 - The Company applied to Government for permission to establish a polynosic fibre unit in Harihar (Karnataka) with a production capacity of 100 tonnes per day. 1968 - In December, 5,00,000 bonus equity shares issued in propn. 1:10. 1969 - In August 2,00,000 - 9.3% Pref. shares offered to public. In August 1970, 11,00,000 bonus equity shares issued in propn. 1:5. 1971 - 765 `B' Pref. and 1725 `A' Pref. shares redeemed on 31.3.1972. 1974 - The Company received a letter of intent for setting up a polynosic fibre unit at Harihar (Karnataka) with a production capacity of 100 TPD. - The Company revalued the machinery and equipment of its staple fibre and pulp units. The Company again revalued the major items of plant and machinery installed in its staple fibre and pulp division as on 1st April, 1980. The value of the assets of the Company's caustic soda plant and new power plants situated at Birlanagram, Nagda were revalued as on 1st April, 1985. - 39,60,000 Bonus equity shares were issued in prop. 3:5. 1976 - 52,80,000 Bonus Equity shares issued in the prop. 1:2. 1979 - The Company participated in a joint venture project in Bihar for the manufacture of 33,000 tonnes of caustic soda per annum. For this purpose, a new Company under the name and style Bihar Caustic & Chemicals, Ltd. was formed. - 20,00,000 No. of Equity Shares issued (Prem. Rs 25 per share) 1,00,000 shares reserved and allotted to employees; 3,64,918 shares allotted as Rights to shareholders who were individuals in prop. 3:25 and 15,35,082 shar es offered to public. 1980 - The Company joined as co-promoter with Tamil Nadu Industrial Development Corporation, Ltd. for setting up an aluminium fluoride manufacturing plant in Ramnad, a backward district in Tamil Nadu. For this purpose, a new company under the name and style Tamil Nadu Fluorine & Allied Chemicals, Ltd. was incorporated. - The Company entered into a collaboration agreement with the State Industrial and investment Corporation of Maharashtra (SICOM) for setting up a gas-based sponge iron project with a capacity of 4 lakh tonnes per annum. 1982 - The Company issued 18,75,000-13 1/2% convertible bonds of the face value of Rs 160 each f or an aggregate amount of Rs 30 crores. Rs. 40 out of each bond is convertible into 2 equity shares of Rs 10 each at a premium of Rs 10 per share on 1st April 1983. The balance of Rs 120 per bond will be repayable at par in 5 equal annual instalments commencing from the 8th year from the date of allotment. 1984 - The Company received a letter of intent for the manufacture of stable bleaching powder with an annual capacity of 10,000 tonnes to be implemented in two phases of 5,000 tonnes per annum each. 1985 - A collaboration agreement was entered into with LVD Company N.V., Belgium for the manufacture of sophisticated balers for the man-made fibre industry. - The Company joined as one of the co-promoters in Indo-Gulf Fertilisers and Chemicals Corporation, Ltd. (INDOGULF), which set up a project for the manufacture of 1,350 tonnes per day of ammonia and 2,200 tonnes per day of urea at Jagdishpur, Uttar Pradesh. 1986 - The Company entered into collaboration agreement with Nevmag of W. Germany for the manufacture of a wide range of equipments from spinning down to cutter for polyester, polyamide, polypropylene and acryulic fibre machineries. The Company also explored the possibilities for entering into collaboration for the manufacture of specialised equipment for petrochemical and other chemical industries. - Stable bleaching powder (SBP) was marketed under the brand name "Vikram SBP" and a beginning was also made in the exports market. - The name of the Company was changed from Gwalior Rayond Silk Mfg. (Wvg.) Co., Ltd. to the present one with effect from 22nd July. 1987 - The plant continued to remain closed. The strike by workmen since 7th July, 1985 was called off consequent to a conciliation agreement arrived at on 27th October, 1988 and resumed production on 29th June, 1989. - A letter of Intent was received to install 5,000 worsted spindles at Malanpur in Bhind District, a backward A class area. The licensed capacity of caustic soda plant was re-endorsed at 90,000 tonnes per annum. - The Company proposed to participate in the Mangalore Refinery and Petrochemicals Ltd., a joint venture formed by Indian Rayon & Industries Ltd., Hindustan Petroleum Corporation, Ltd. to the extent of 12% in the equity capital of the Company. This joint venture was to have a capacity of 3 million tonnes per annum a petrochemical complex to produce a minimum of 2,50,000 tonnes per annum of ethylene. - A letter of intent was received to set up a gas-based sponge iron project with an installed capacity of 6 lakh tonnes per annum in the Raigad District of Maharashtra. - Approval from Government was received for setting up a project for the manufacture of colour T.V. glass shells in foreign technical collaboration with the Asahi Glass Company, Ltd., Japan. - Kerala Spinners, Ltd., Gwalior Properties & Estates Ltd. (GPEL) and Seshasayee Properties Ltd. (SPL) are the subsidiaries of the Company. During the year, Turquoise Investments & Finance Ltd. and Trapti Trading & Investments Ltd. became subsidiaries of GPEL and SPL respectively. - The Company allotted 60,00,000 - 14% non-convertible secured debentures (VI series) of Rs 100 each. These debentures are redeemable at a premium of 5% of face value in three annual instalments commencing from 8.12.1994. 1988 - The Engineering Division entered into a technical agreement with Thai Acrylic Fibres, Ltd. for providing technical know-how. M/s. Andhra Pradesh Rayons entered into a technical collaboration agreement with the Company for the supply of 45 tonne/day viscose staple fibre plant on a turnkey basis valued at Rs 38 crores. - The Company introduced successfully during the year Grasim "MASTERWEAR" readymade shirts and trousers. - Steps were initiated to set up the poly aluminium chloride and the chlorosulphonic acid projects. The Poly Aluminium Chloride (PAC) project was commissioned in the 3rd quarter of 1990. The Commissioning of the Chlorosulphoric Acid project was delayed because of a strike in the supplier's plant which resulted in the delayed delivery of plant and machinery. - It was proposed to set up a hydrogen peroxide project with an installed capacity of 6,000 tonnes per annum at Nagda in collaboration with a renowned company of U.S.A. - During December, the Company offered 92,85,714 - 12.5% secured redeemable partly convertible debentures of Rs 70 each for cash at par of which the following were reserved for allotment on a preferential basis: - (i) 71,42,857 debentures to the equity shareholders of the Company in the proportion 7 deb: 40 equity shares and - (ii) 4,64,286 debentures to employees (including Indian working directors)/workers of the Company on an equitable basis. The remaining 16,78,571 debentures along with the unsubscribed portion, if any, from the preferential quota were to be offered to the public. Additional 13,92,857 debentures allotted to retain oversubscription. - The convertible portion of Rs 35 out of the face value of each debenture was converted into one equity share of Rs 10 each at a premium of Rs 25 per share on 31st March, 1989. The non-convertible portion of Rs 35 out of each debenture was to be redeemed at par in three annual instalments of Rs 10, Rs 10 and Rs 15 on the expiry of 7th, 8th and 9th years respectively from the date of allotment of debentures. 1989 - The cotton textile mill unit's working was affected by protracted labour unrest and strike by workmen. - The Company issued 115,00,000-14% secured redeemable non-convertible debentures of Rs 100/- each (VIIth Series) on rights basis to resident Indian equity shareholders, in the ratio of 245 debentures for every 1000 equity shares held. Additional 15,74,982 debentures were allotted to retain over subscription. As per the terms, the entire amount of Rs 100/- will be redeemed in three equal annual instalments beginning at the end of 6th year from the allotment date with a premium of Rs 5/- per debenture. - During September, the Company issued 1,04,16,666-12.5% secured redeemable partly convertible debentures (IInd Series) of Rs 120/- each to the existing equity shareholders in the ratio of 21 debentures for every 100 equity share held. All were taken up. Additional 15,62,500 debentures issued to retain oversubscription. 5,20,834 debentures were also offered to employees/workers of the Company but only 61,940 debentures were taken up. The balance of 4,58,894 debentures were allowed to lapse. - As per the term of issue, Rs 60 of each debenture was converted into one equity share of Rs 10 each at a premium of Rs 50 per share at the end of six months from the allotment date, i.e. on 1.6.1990. The balance Rs 60/- of each debenture was to be redeemed at par in three equal annual instalments of Rs 20/ - each at the end of 7th, 8th and 9th years from the allotment date. This issue was made to part fi nance the sponge iron project. 1990 - The Company received two letters of intent for setting up new green field site portland cement plants each having an annual capacity of one million tonnes-one in Baloda Bazar, Dist. Raipur (M.P.) and the other at Shamb hupura, Dist. Chittorgarh (Rajasthan). - The Company issued 1,30,00,000-14% secured redeemable non-convertible debentures of Rs 100/- each (IXth Series) and 25,00,000-14% secured redeemable non-convertible debentures of Rs. 100/- each (VIIIth Series) to finance new cement plant at Raipur (M.P.). 1991 - The Engineering division undertook to manufacture equipments for dairy and sponge iron plants. It also manufactured and supplied the state of the art technology lift-box design baling press with autorotation and auto-bale weighing device. It also explored the possibility of supplying know-how and consultancy services along with plant and machinery to existing and potential manufacturers of rayon - both fibre and filament, in China. - The working of the mill was affected to some extent by labour problem leading to a forced lock-out in the spinning section since February 17th, 1992 and resumed to work with effect from 10th October. - The Company issued and allotted 15,00,000-14% non-convertible debentures (XI Series) of Rs 100 each. These are redeemable in three instalments commencing from 26th March, 1997. The Company issued and allotted 155,00,000-18% non-convertible debentures of Rs 100 each (X Series) redeemable in three annual instalments Commencing from 18th October, 1997. 1992 - An aggregate of 6,933,745 GDS were offered at an initial price of US $12.98 per GDS by managers concurrently to (i) qualified institutional buyers (UIBs) in the USA and (ii) persons in offshore transactions. - The Company proposed to issue Euro equity to the tune of UA $100 million to investors abroad. The Company proposed to issue another Euro equity to the tune of US $125 million. 1994 - The cotton textile mill unit undertook to set up a new unit "Elegant Spinners" with 14,000 spindles. - The Company issued the following debentures on private placement basis: (i) 160,00,000-16.5% (xiii Series) redeemable in 3 instalments commencing from 11.7.2000, (ii) 70,00,000-15% debentures redeemable in 3 annual instalments commencing from 19.1.2001. 1995 - A new range of fabric under the brand name ADONIS was introduced. - Birla Capital International AMC Ltd. an asset management Company was set up as a joint venture with Capital Group International Inc., a major US based investment management organisation. The Unit launched Birla Advantage Fund in February. - The Company undertook to set up joint venture power projects to be set up in U.P. & M.P. These are to be set up in Collaboration with Powergen Plc., U.K. for Rosa power project of 1000 MW and Bina Power project of 1000 MW detailed techno economic study was undertaken. - The Company undertook to set up a joint venture, Alexandria Carbon Black Co., in Egypt to produce 20,000 tpa of Carbon black at full capacity with an equity participation of an approximate value of US $ 2.25 million, i.e. Rs 7.10 crores representing 15% of the total equity capital. 1996 - A new synthetic denim with an universal blend of polyster, viscose, cotton was launched under the brand name SUMO. 1997 - The Cotton textile division launched a novel denim brand `Jusilk' using a blend of polyester and jute, along with a unique water repellent denim. - In order to establish its own viscose fibre spinning facilities the Company entered into a leave and licence agreement with Eastern Spinning Mills & Industries, Ltd., Calcutta for running its spinning unit for a period of 3 years from 27th July, 1984. This spinning unit had an installed capacity of about 25,000 spindles. - A new division, Vikram Premium RMC was formed for production of Ready Mixed Concrete. The Company applied for an industrial licence to set up a gas-based fertiliser plant for the manufacture of 4.5 lakh tonnes of ammonia and 7.5 lakh tonnes of urea per annum in U.P. - The flagship company of the Aditya Birla group, Grasim is setting up yet another plant to manufacture rayon grade pulp. - Grasim Industries Ltd., a flagship company of the Aditya Birla Group, has reached final stages of negotiation with the Rajasthan Government for setting up 200 TPD rayon grade pulp plant at Amarpura, about 100 km from Bikaner. - Grasim Industries Ltd., has signed an agreement with National Securities Depository Ltd., (NSDL) and MCS Ltd. to dematerialise its shares. Grasim has its in-house share department. - The company is setting up a new plant in Pondicherry for the production of radial tyres. 1998 - Grasim Industries Limited (GIL) has claimed to have developed a synthetic suiting for the first time in the country. - Vikram Ispat, a unit of Grasim Industries and a part of the Aditya Birla group, has bagged Maharashtra Government's export award for highest export of hot briquetted iron (HBI) which is an integral ingredient of the steel sector. - Shareholders of Indian Rayon Ltd. will get three shares of Grasim Ltd. for every ten shares held, as a part of the cement business restructuring by the A.V. Birla group. - Vikram Cement, a unit of Grasim Industries, Mandasaur has won the IMC's Ramakrishna Bajaj National Quality Award Trophy, and Hindustan Lever's unit at Chindwara has bagged its certificate of merit for 1998. 1999 - Grasim Industries Ltd. has suspended production at its pulp and staple fibre units located at Mavoor, Kerala for want of raw material. 2000 - Grasim Industries Ltd, the Aditya Birla group company, has launched market-seeding for its new micro grade viscose staple fibre - Grasi Soft. - Grasim Industries Ltd. proposes to merge its wholly owned subsidiary Dharani Cements Ltd. with the company. - The Company has hived off the Software Division, called Birla Consultancy and Software Services into a separate subsidiary. - The Company has launched Kool Wool, a polyester viscose blended suiting fabric, under the Graviera Suiting umbrella name. 2001 - The Textiles division of Grasim Industries Ltd. has introduced a trouser fabric, Aquasoft. - Dharani Cements Limited, a wholly owned subsidiary of the company, has been amalgamated with the Company under the Scheme of Arrangement in terms of section 391/394 of the Companies Act 1956 effective from 1st November, 2000. - The Company has transferred its Software Division to its wholly owned subsidiary company Birla Technologies Limited, effective 1st February. 2002 - Birla Technologies ceases to be subsidiary of Grasim Industries -Grasim, Pantaloon in technical tie up to manfacture Viscose Staple Fibre (VSF) -Grasim, L&T set up joint task force for logistics, promotion and procurement of raw materials -Acquires additional 2.84% stake of L&T, increases the stake to 12.89% -Stops production at Staple Fibre Plant located at Nagda due to water shortage -Restarts production at Staple Fibre Plant located at Nagda - Grasim Industries hikes its holding further in Larsen & Toubro (L&T) which stands at 13 per cent as on June 30 -Approves sale of equity shares in Mangalore Refineries to ONGC -Mops up Rs 50cr through inverse floater -Acquires 1.26 lac shares of Larsen & Toubro, takes its stake to 14.15% -Increases its stake in L&T to 15.15 per cent -SEBI asks Grasim to put on hold L&T open offer -Sends legal notice, challenging Larsen & Toubro's attempt to demerge the cement business into a separate company 2003 -Puts forward alternate proposal for L&T cement demerger -Agrees to pay Rs 130 per share for acquiring the cement company formed by splitting engineering and construction major Larsen & Toubro -Acquires L&T's cement business -SEBI clears the hurdle, allows Grasim to make open offer for L&T -Enhances L&T open offer size by 10.49 lakh shares -Delists from Bangalore Stock Exchange -Grasim's open offer for L&T pie fetches poor response, grabs only 2% through open offer -Grasim mops-up $50-ml loan from SBI -Revises open offer price for L&T cement division to Rs 170 per share from Rs 130 per share -Resumes operations at Nagda plant -Divests its holding in Indo Gulf Fertilisers Ltd (IGFL), holding in the company comes down from 12.6% to nil - Re issuance of GDR -Appointed Shri Y P Gupta as an Additional Director. -Delisted the shares of the Company from its Stock Exchange. -Shri Shailendra K Jain has been reappointed as the Whole Time Director of the Company for a period of 3 years wef December 1, 2003. 2004 -Acquires majority stake in Ultra Tech CemCo Ltd (Ultra Tech), the demerged Cement business of L&T -AV Birla Group flagship Grasim Industries' textile and apparel unit has launched 'Venetia' range of fabric, with the promise of delivering international class suite-length at an 'affordable' Rs 5,000 -Grasim Industries signs an agreement with ST Telemedia & TM International to acquire stake in Idea Cellular -Delist from the Madhya Pradesh Stock Exchange (MSE), with effect from December 13, 2004 2005 - Grasim acquired St. Anne Nackawic Pulp Mill, Canada with Tembec Inc. 2006 - Grasim formed joint venture company, Birla Jingwei Fibres Company Limited and acquired VSF plant in China. 2007 - Grasims commissioned Eighteen ready-mix concrete plants 2008 -Grasim commissions brownfield expansion at Aditya Cement at Shambhupura (Rajasthan). -Grasim Industries Ltd has informed that the Board of Directors of the Company at its meeting held on October 23, 2008, has appointed Shri. A K Dasgupta as an Additional Director of the Company. -Grasim commissions brownfield expansion at Aditya Cement at Shambhupura (Rajasthan). 2009 -Grasim hives off its sponge iron business by way of slump sale -Grasim commissions a greenfield cement plant at Kotputli (Rajasthan). -Grasim's plants Vikram Cement and Aditya Cement win the Federation of Indian Mineral and Industries' "Social Awareness Award. -Mr. Ratan Shah, the Group Executive President and Chief Marketing Officer, Cement and Mr. R. M. Gupta, Sr. Executive President, Vikram Cement and Aditya Cement, received the Award at the hands of the honourable President of India, Mrs. Pratibha Patil at Vigyan Bhavan, New Delhi. 2010 - Grasim Consolidates the cement business under UltraTech Cement Limited. 2011 - Grasim acquired stake in Domsj” Fabriker AB. - Forbes magazine ranks Grasim among the fabulous 50 companies in Asia. - Grasim Industries Ranks second for Best Corporate Governance Practices in Asia-Pacific by IR Global Rankings. Also ranked best company in Corporate Governance Practices in Basic Materials Industry, globally. - Grasim Industries Ranked as the Best Investor Relations Company-Building Materials in Asia by Institutional Investors Magazine. - The CII - Leadership and Excellence Award in Safety, Health and Environment presented to Grasim's Staple Fibre Division, Nagda. - The Asian Corporate Social Responsibility Award presented to Grasim's Staple Fibre Division, Nagda. 2012 - Grasim Industries has signed an agreement through AV Terrace Bay Inc.,Canada, a Special Purpose Vehicle (SPV), to acquire the assets of the Terrace Bay Pulp Inc., a paper grade pulp mill in North America. Grasim will be holding 40% interest in the proposed SPV while Thai Rayon Public Co. Ltd. - Aditya Birla Group-led Grasim Industries Ltd entered into an agreement with Japan-based Omikenshi for developing global markets of functional rayon products. 2013 -Grasim Industries Ltd has recommended a dividend @ Rs. 22.50 (Rupees Twenty two and Paise Fifty only) per equity share. 2014 -Grasim Industries Commencement of Commercial Production at Viscose Staple Fibre Plant at Vilayat (Gujarat). -Grasim Industries Ltd has recommended dividend @ Rs. 21 (Rupees Twenty-one only) per equity share. 2015 -Grasim Industries Ltd has submitted a copy of the Presentation on Aditya Birla Chemicals (India) Limited to Merge with Grasim -Grasim Industries Ltd has completed the last phase of its Greenfield Viscose Staple Fibre (VSF) Plant at Vilayat (Gujarat) for production of Specialty Fibre, by commissioning the 4th line -Grasim Industries Ltd has received Competition Commission of India (CCI) approval on marger of Aditya Birla Chemicals (India) Ltd with Grasim Industries. -Grasim Industries Ltd has informed BSE that the Scheme of Amalgamation of Aditya Birla Chemicals (India) Ltd with Grasim Industries Ltd has been sanctioned by the Hon'ble High Court of Madhya Pradesh 2016 -Aditya Birla Chemicals (India) Ltd merged with Grasim Industries Ltd 2017 -Grasim Industries has been awarded the US Department of Agriculture (USDA) certified biobased product label for its dope dyed fibres- Birla Spunshades. 2018 -Award for Best Export Performance in the Category of Viscose Staple Fibre (Gold Trophy) 2018 conferred by textile minister. -Grasim Industries arm unveils international design studio in New York. -Grasim Industries receives green nod for expansion project. 2019 -Grasim wins `Best Manufacturing Company (>Rs 2,500 crore) category' at Business Today's Business Leaders of Madhya Pradesh Awards 2019. -Grasim's Indo Gulf Fertilisers unit at Jagdishpur in Uttar Pradesh receives the Four Leaves award from NGO Centre for Science and Environment (CSE) 2019 2020 -Grasim Industries Ltd, Grasilene Division, Harihar, has been bestowed with the CII-ITC Sustainability Award 2019 for Excellence in Environment Management. -Grasim Industries ranked 9th among the top 10 Indian corporates for its Sustainability and CSR practices by the ET and Futurescape 7th Responsible Business Rankings 2020. -Grasim Industries Limited (Staple Fibre Division- Nagda) wins the prestigious Golden Peacock Award for CSR in the Textile and Apparel sector for the year 2019. 2021 ETSDGs Impact Summit recognizes Grasim as India's Top Company for Sustainability and CSR. Grasim ranked #7 on Responsible Business Ranking in Economic Times-Futurescape 8th Sustainability Index Report 2021 -Nagda SFD plant awarded Economic Times Promising Plants 2021. 2022 -Grasim wins 2 Gold Shields at The Institute of Chartered Accountants of India (ICAI) Awards Ceremony. -Grasim today approved a foray into B2B e-commerce platform for the Building Materials segment with an investment of ~ INR 2,000 Crore over the next 5 years. 2023 -Grasim wins Silver under Excellence Award by The Institute of Chartered Accountants of India (ICAI). -Grasim - Pulp and Fibre wins the prestigious Golden Peacock Innovation Management Award 2022. 2024 -The company issued rights shares of Rs. 2 in the ratio of 6:179 at a premium of Rs. 1810 per share. -The Company Commencement of commercial production of Birla Opus Paints plant at Chamarajanagar, Karnataka. -The Company Recognised as a Sustainable Organisation 2024 by Times Now - Global Sustainability Alliance.

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Parent Organisation

Grasim Industries Ltd.

Founded

25/08/1947

Managing Director

Mr.Harikrishna Agarwal

NSE Symbol

GRASIMEQ

FAQ

The current price of Grasim Industries Ltd is ₹ 2728.70.

The 52-week high for Grasim Industries Ltd is ₹ 2764.50 and the 52-week low is ₹ 2718.00.

The market capitalization of Grasim Industries Ltd is currently ₹ 182685.76. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Grasim Industries Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Grasim Industries Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Grasim Industries Ltd shares.

The CEO of Grasim Industries Ltd is Mr.Harikrishna Agarwal, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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