Grasim Industries surges on commissioning projects at Rehla, Balabhadrapuram
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Grasim Industries is currently trading at Rs. 1629.50, up by 26.55 points or 1.66% from its previous closing of Rs. 1602.95 on the BSE.
The scrip opened at Rs. 1629.00 and has touched a high and low of Rs. 1639.00 and Rs. 1614.10 respectively. So far 22797 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1893.15 on 11-Nov-2021 and a 52 week low of Rs. 897.00 on 28-Dec-2020.
Last one week high and low of the scrip stood at Rs. 1669.00 and Rs. 1592.25 respectively. The current market cap of the company is Rs. 107146.01 crore.
The promoters holding in the company stood at 42.26%, while Institutions and Non-Institutions held 30.26% and 25.59% respectively.
Grasim Industries has successfully commissioned projects in Rehla in Jharkhand and Balabhadrapuram in the state of Andhra Pradesh. The ongoing expansion project at Rehla has been completed and the company has successfully commissioned the second phase of the expansion project at Rehla (80 TPD Caustic Soda Lye), taking overall Caustic Soda Lye capacity of Rehla Unit to 550 TPD.
The company had acquired the stalled Chlor Alkali Project of 200 TPD in the year 2019 from KPR Industries (India) situated at Balabhadrapuram. With systematic investments, the company is in the process of increasing the capacity at Balabhadrapuram unit to 400 TPD of caustic soda and three value added chlorine derivatives. The company has now successfully commissioned Phase-I of the project (70 TPD Caustic Soda Lye) at Balabhadrapuram and it is in ramp up phase.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.
