GRASIM INDUSTRIES LTD.
NSE : GRASIMBSE : 500300ISIN
CODE : INE047A01021Industry : DiversifiedHouse
: Birla Aditya
BSE2373.05-46.35 (-1.92 % )
PREV CLOSE (Rs.) 2419.40
OPEN PRICE (Rs.) 2404.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 9195
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2377.35 -43.65 (-1.8 % )
PREV CLOSE(Rs.) 2421.00
OPEN PRICE (Rs.) 2404.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 2377.35 (26 )
VOLUME 462790
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 05-Apr-2024 | Grasim Industries gets nod for acquisition of 26% stake in Clean Max Decimus | <p style="text-align: justify;">Grasim Industries has received approval for the acquisition of 26% equity shares of Clean Max Decimus, a Special Purpose Vehicle (SPV) for generation and transmission of renewable energy. Objects of acquisition is to meet the green energy needs; optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws. Cost of acquisition is Rs 94.50 lakh. The Board of Directors of the company at its meeting held on April 4, 2024 has approved the same. </p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 19-Mar-2024 | Grasim Industries raises first Sustainability Linked NCDs of Rs 1250 crore from IFC | <p style="text-align: justify;">Grasim Industries has raised its first Sustainability Linked Non-Convertible Debentures (NCDs) of Rs 1250 crore (equivalent to approximately $150 million) from the International Finance Corporation (IFC). The Sustainability-Linked NCDs will support the company's investment in paint manufacturing. IFC's investment will accelerate Grasim's decarbonization drive through the increased adoption of renewable energy and water recycling in the paint manufacturing process.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 19-Mar-2024 | Grasim Industries about informs investor presentation | <p style="text-align: justify;">With reference to letter dated 8th March 2024 regarding intimation of schedule of Analysts / Institutional Investor Meeting to be held on 19th March 2024, Grasim Industries has informed that it enclosed the Investor presentation, which will be presented to the investors and also posted on its website www.grasim.com.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </p> |
| 19-Mar-2024 | Grasim Industries informs about press release | <div style="text-align: justify;">Grasim Industries has attached a press release with respect to Company raising its first Sustainability Linked Non-Convertible Debentures of Rs 1,250 crore from the International Finance Corporation, a member of the World Bank Group.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </div><div style="text-align: justify;"><br></div> |
| 22-Feb-2024 | Grasim Industries to launch Birla Opus Paints business | <p style="text-align: justify;">Grasim Industries is all set to launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Panipat (Haryana), Ludhiana (Punjab) and Cheyyar (Tamil Nadu) on February 22, 2024 from its Panipat plant.</p><p style="text-align: justify;">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.</p> |
| 09-Feb-2024 | Grasim Industries reports 42% fall in Q3 consolidated net profit | <p style="text-align: justify;">Grasim Industries has reported results for third quarter ended December 31, 2023 (Q3FY24).</p><p style="text-align: justify;">The company has reported 8.18% fall in its net profit at Rs 236.31 crore for Q3FY24 as compared to Rs 257.36 crore for the same quarter in the previous year. However, total income of the company increased by 3.53% at Rs 6520.41 crore for Q3FY24 as compared Rs 6298.31 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 41.56% fall in net profit at Rs 2603.43 crore for the third quarter ended December 31, 2023 as compared to Rs 4454.59 crore for the same quarter in the previous year. However, total income of the company increased by 1.94% at Rs 32221.97 crore for Q3FY24 as compared Rs 31609.45 crore for corresponding quarter of the previous year.</p> |
| 09-Feb-2024 | Grasim Industries soars despite reporting 42% fall in Q3 consolidated net profit | <p style="text-align: justify;">Grasim Industries is currently trading at Rs. 2155.40, up by 96.75 points or 4.70% from its previous closing of Rs. 2058.65 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2054.40 and has touched a high and low of Rs. 2166.50 and Rs. 2048.50 respectively. So far 113552 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2182.00 on 31-Jan-2024 and a 52 week low of Rs. 1521.92 on 16-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2166.50 and Rs. 2048.50 respectively. The current market cap of the company is Rs. 146470.87 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 29.21% and 24.12% respectively.</p><p style="text-align: justify;">Grasim Industries has reported 8.18% fall in its net profit at Rs 236.31 crore for Q3FY24 as compared to Rs 257.36 crore for the same quarter in the previous year. However, total income of the company increased by 3.53% at Rs 6520.41 crore for Q3FY24 as compared Rs 6298.31 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 41.56% fall in net profit at Rs 2603.43 crore for the third quarter ended December 31, 2023 as compared to Rs 4454.59 crore for the same quarter in the previous year. However, total income of the company increased by 1.94% at Rs 32221.97 crore for Q3FY24 as compared Rs 31609.45 crore for corresponding quarter of the previous year.</p><div style="text-align: justify;"><br></div> |
| 07-Feb-2024 | Grasim Industries informs about disclosure | <div style="text-align: justify;">Grasim Industries has informed that it enclosed disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Birla Group Holdings & Others.</div><div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div></div><div style="text-align: justify;"><br></div> |
| 01-Jan-2024 | Torrent Power, GPT Infraprojects and SJVN to see some action today | <p style="text-align: justify;"><b>Torrent Power </b>has incorporated a Wholly Owned Subsidiary (WOS) namely ‘Torrent PSH 3' (TPSH3) on December 29, 2023. TPSH3 is incorporated with object to carry on the business of generation, transmission, distribution, purchase, procurement, sale, trading, import, export, storage of power or otherwise deal in all forms of conventional, nonconventional, renewable, green, hydro power, or any other sources of energy or Power including electrical power and energy and pumped storage, battery storage or any other combination of storage technologies in all aspects.</p><p style="text-align: justify;"><b>GPT Infraprojects</b> has been declared L1 (First Lowest) in order valued at Rs 267 crore on December 29, 2023 by MORTH, Government of India through Office of Superintending Engineer National Highway Circle No II, Public Works (Roads) Directorate. The order is for Construction of 4 lane Raniganj Bypass of length 5.261 km on NH-60 (new NH-14) from km 275.20 of NH 60 to km 478.18 of NH-2 (New NH 19) in Paschim Bardhaman, West Bengal in EPC Mode (Job No 014-WB-2022-23/514).</p><p style="text-align: justify;"><b>SJVN </b>has secured Rs 10,000 crore construction finance facility to fund its renewable energy projects from a group of leading domestic and international lenders. The construction finance facility is a unique and first-of-its-kind transaction undertaken by a PSU entity and Public Sector Banks. SJVN Green Energy (SGEL), a wholly-owned subsidiary of SJVN, undertook this initiative in association with SBI Capital Markets (SBI CAPS).</p><p style="text-align: justify;"><b>Bondada Engineering </b>has received approval for acquisition of substantial stake of 60% in the paid up equity share capital of Atpole Technologies (ATPOLE). Consequent to the acquisition upto 60% of equity stake by the company, ATPOLE will become subsidiary Company of Bondada Engineering. The Board of Director of the company at their meeting held on December 29, 2023 has approved the same. </p><p style="text-align: justify;"><b>Tata Steel</b>'s subsidiary -- Tinplate Company of India (TCIL) is all set to invest Rs 1,787 crore for setting up a 3-lakh-tonnes-per-annum manufacturing facility in Jharkhand's Jamshedpur. The facility, an expansion project, is scheduled for commissioning in 2026. The facility will not only enhance Tinplate's manufacturing capabilities with advanced technology and automation, but also contribute significantly to both domestic and export markets, bolstering the state's industrial growth.</p><p style="text-align: justify;"><b>ACC </b>has successfully commissioned Cement Manufacturing unit with a capacity of 1.0 MTPA at Village Ametha, District-Katni, Madhya Pradesh and commenced the commercial production and dispatch of ‘Cement' with effect from December 28, 2023. Earlier, the company had commenced commercial production of Clinker at its new cutting-edge Ametha Cement Plant, nestled in the heart of Katni district of Madhya Pradesh.</p><div style="text-align: justify;"><div><div><b>Grasim Industries</b>' Chemical Division has successfully commissioned additional 123,000 tons' annual capacity of Advanced Materials (Epoxy Resins and Formulation) manufacturing capacity at Vilayat, District Bharuch, Gujarat. With this expansion, the total capacity of Advanced Materials is 246,000 tons' per annum. The expansion shall facilitate the growth in speciality chemical business of the company.</div></div></div> |
| 30-Dec-2023 | Grasim Industries' Chemical Division commissions additional of Advanced Materials manufacturing capacity | <p style="text-align: justify;">Grasim Industries' Chemical Division has successfully commissioned additional 123,000 tons' annual capacity of Advanced Materials (Epoxy Resins and Formulation) manufacturing capacity at Vilayat, District Bharuch, Gujarat. With this expansion, the total capacity of Advanced Materials is 246,000 tons' per annum. The expansion shall facilitate the growth in speciality chemical business of the company.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
