Lubrizol invests $150M in India, Partners with Grasim

The Lubrizol Corporation, a global leader in specialty chemicals, is advancing its commitment to continued growth in India with several significant projects across its portfolio. The company is pledging more than 150 million USD of in-region investment, including breaking ground on India’s largest CPVC resin plant in Vilayat, Gujarat, doubling capacity at its site in … Read more

India’s Grasim to Invest $1.3 Billion as it Enters Paints Business

Grasim Industries Ltd (GIL) plans to commission its plants with 1.3 billion litres a year aggregate capacity by March 2024. The $1.3 billion investment of Grasim in the paint manufacturing business is likely to disrupt India’s paint industry. According to officials, the company wants to speed up the construction of paint plants in Panipat (Haryana), … Read more

India’s Grasim Industries Commissions Caustic Soda Units at Rehla, Balabhadrapuram

Grasim Industries has commissioned caustic soda projects at Rehla, Jharkhand and Balabhadrapuram, Andhra Pradesh. The ongoing expansion project at Rehla has been completed and the company has successfully commissioned Phase-II of the expansion project — 80 tons per day (tpd) caustic soda lye at Rehla, taking overall caustic soda lye capacity of Rehla unit to … Read more

India’s Grasim Industries Reports 40.7% Growth in YoY Net Profit for Q2FY22

Grasim Industries Ltd., a chlor-alkali manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 18.5% to Rs 13.59 billion for the period ended September 30, 2021 as against net profit of Rs 16.67 billion for the previous quarter. Net sales increased … Read more

India’s Grasim Industries Commissions Chloromethane Project in Gujarat

Grasim Industries said it commissioned Chloromethane (CMS) project at Vilayat Unit in Gujarat on 4 November 2021. The company said the project has a capacity of 150 ton per day (TPD) / 50,000 ton per annum (TPA). The new capacity will cater to both domestic and international market. This will result into an additional annualised … Read more

Competition Commission of India Approves Grasim, Indorama Deal

Competition Commission of India (CCI) has cleared the proposed acquisition of Indo Gulf Fertilizers by Indorama India Private Ltd (IIPL). Indo Gulf Fertilizers is a part of Grasim Industries Ltd (GIL). Indorama will acquire the business as a going concern on a slump sale basis, as per a notice filed with the watchdog. “Commission approves … Read more

Grasim Sells Indo Gulf Fertilizers to Indorama for $355 Million

Grasim Industries has decided to sell its fertilizer business to Indorama Corporation for Rs 2649 crore ($355 million). The flagship company of Aditya Birla Group on Thursday approved the divestment of its fertilizer business, Indo Gulf Fertilizers (IGF), by way of a slump sale to Indorama India Pvt Ltd (IIP), a subsidiary of Indorama Corporation … Read more

Lubrizol, Grasim Industries Partner for India’s Largest CPVC Resin Plant

Lubrizol Advanced Materials, a global specialty chemical leader and the market leader for CPVC, and Grasim Industries Limited have entered into a definitive agreement to manufacture and supply CPVC resin in India to meet growing demand for chlorinated polyvinyl chloride (CPVC) pipe and fittings. Once commissioned, this near 100,000 metric-ton state-of-the-art CPVC plant at Grasim’s … Read more