InvestorQ : Is it true that Grasim is planning to expand its paint manufacturing capacity?
Aashna Tripathi made post

Is it true that Grasim is planning to expand its paint manufacturing capacity?

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Aditi Sharma answered.
2 months ago
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Grasim Industries, has a core manufacturing franchise in viscose staple fibre and caustic soda. However, most of its revenues today come as the holding company of the AV Birla group through its major holdings in companies like Ultratech, ABFRL, Aditya Birla Capital etc. Grasim has decided to double its investment in the recently forayed paints business from Rs.5,000 core to Rs.10,000 crore by the year 2025. It may be noted here that Grasim also acts as a virtual incubation centre for new ideas in the AV Birla group.

As per the latest plans, Grasim will expand its capacity of paints to 1,332 million litres per annum (MLPA) by March 2024. This capacity will be spread across 6 plants in all. Currently, work has commenced at the Ludhiana and Panipat paints plants while the Chamarajanagar Plant in Karnataka is expected to commence work shortly. The other 3 plants of Grasim are yet to get approval but the company is confident of seeing these approvals through in the next few months to meet its schedule.

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