Grasim to invest additional Rs 6400 cr in expanding capacity to meet demand

The additional capacity will be commissioned at Vilayat plant in Gujarat in two years. Grasim also holds stake in Ultratech and Aditya Birla Financial Services

Aditya Birla group’s Grasim Industries plans to invest an additional Rs 6,400 crore in expanding its capacity as its existing plants are unable to meet the growing demand from local customers.

Dilip Gaur, managing director of Grasim, said the investment would be made in the speciality fiber business and would increase its capacity by about 40 per cent in the next two years. “We have invested Rs 7,000 crore in the last 10 years and will invest a similar amount in the next two years as demand is fast picking up. We have to divert our exports consignments to the