GRASIM INDUSTRIES LTD.
NSE : GRASIMBSE : 500300ISIN
CODE : INE047A01021Industry : DiversifiedHouse
: Birla Aditya
BSE1911.25-0.35 (-0.02 % )
PREV CLOSE (Rs.) 1911.60
OPEN PRICE (Rs.) 1900.65
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 12354
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1911.95 0.45 (+0.02 % )
PREV CLOSE(Rs.) 1911.50
OPEN PRICE (Rs.) 1906.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 1911.95 (182 )
VOLUME 676037
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 14-Sep-2023 | Grasim Industries to launch paints business under brand name ‘Birla Opus' | <p style="text-align: justify;">Grasim Industries has unveiled the brand name of its paints business, ‘Birla Opus'. The market launch of Birla Opus is scheduled for Q4FY24. Grasim will offer a full suite of high-quality products in the decorative paints segment. Ahead of the launch, Grasim has successfully piloted the first-of-its-kind painting services in key metros and introduced a range of imported wood finishes. A cutting-edge R&D facility has already been set up in Maharashtra.</p><p style="text-align: justify;">Grasim had previously committed an investment of Rs 10,000 crore towards setting up the paints business. The company's state-of-the-art manufacturing plants located in Haryana, Punjab, Tamil Nadu, Karnataka, Maharashtra, and West Bengal, will have a total capacity of 1,332 million litres per annum (MLPA), and will serve demand centres across the country.</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> |
| 14-Sep-2023 | Grasim Industries informs about press release | <div style="text-align: justify;">Pursuant to Regulation 30 of the Listing Regulations, Grasim Industries has informed regarding a press release dated 14th September 2023 with respect to launch its Paints Business under the brand name ‘Birla Opus'.</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> |
| 29-Aug-2023 | Grasim Industries gains on aiming to become second largest player in paints sector | <p style="text-align: justify;">Grasim Industries is currently trading at Rs. 1795.70, up by 10.15 points or 0.57% from its previous closing of Rs. 1785.55 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1797.95 and has touched a high and low of Rs. 1799.70 and Rs. 1779.90 respectively. So far 5578 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. 1867.00 on 08-Aug-2023 and a 52 week low of Rs. 1528.00 on 16-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1814.35 and Rs. 1758.75 respectively. The current market cap of the company is Rs. 117812.95 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 29.13% and 24.24% respectively.</p><p style="text-align: justify;">Grasim Industries is aiming to become the second largest player in the paints sector which it considers a high-potential growth engine along with its new B2B e-commerce business for construction materials. The firm is now shifting focus to the new businesses and has embarked on a transformational growth phase with the incubation of two new high-potential growth engines - Paints and B2B e-commerce for building materials. Grasim last year doubled its planned investment to Rs 10,000 crore in setting up the paints business.</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> |
| 29-Aug-2023 | LTIMindtree, Responsive Industries and Grasim Industries to see some action today | <p style="text-align: justify;"><b>LTIMindtree</b> has entered into a strategic collaboration with CAST AI, a leading SaaS company that specializes in automated cost optimization for customers who run their cloud-native applications on Google Cloud, AWS, and Microsoft Azure. The partnership will help companies save, on average, over 60 percent on cloud costs as they modernize legacy applications for cloud migration.</p><p style="text-align: justify;"><b>Responsive Industries</b> has secured orders from Indian Railways for the ‘Vande Bharat' Project. Since the project's design and inception, Responsive Industries has been in close collaboration with the Integral Coach Factory (ICF) and the broader Indian Railways community, emphasizing the delivery of premier quality solutions. This ensures that the Vande Bharat trains stand as benchmarks in modern rail transport. </p><p style="text-align: justify;"><b>Grasim Industries</b> is aiming to become the second largest player in the paints sector which it considers a high-potential growth engine along with its new B2B e-commerce business for construction materials. The firm is now shifting focus to the new businesses and has embarked on a transformational growth phase with the incubation of two new high-potential growth engines - Paints and B2B e-commerce for building materials. Grasim last year doubled its planned investment to Rs 10,000 crore in setting up the paints business.</p><p style="text-align: justify;"><b>REC </b>has entered into a pact with Damodar Valley Corporation (DVC), under which REC will provide a loan of Rs 4,527.68 crore to DVC for setting up a 1,320 MW thermal power project (2x660 MW) at Raghunathpur in West Bengal. The Raghunathpur Thermal Power Station Phase-II project, a collaborative effort between REC and DVC, will contribute significantly to the power generation capacity in West Bengal. With a combined capacity of 1,320 MW, the project marks a key milestone in the energy landscape of the region.</p><p style="text-align: justify;"><b>Flexituff Ventures International</b> has executed Business Transfer agreement (BTA) with Flexituff Technology International, Subsidiary Company (Buyer) on August 28, 2023 for sale of Flexible Intermediate Bulk Container (FIBC) business of Pithampur unit of the Company. Earlier, the company had received the Board's approval for said transaction. </p><p style="text-align: justify;"><b>Rane (Madras)</b> -- board of directors has now approved divestment by way of stock sale of entire holdings in M/s Rane Light Metal Casting Inc., USA (LMCA) held through its wholly owned subsidiary viz., Rane (Madras) International Holdings B.V., The Netherlands (RMIH). The board of directors have authorized the Investment Committee to finalize the terms and conditions including the consideration, parties etc., in connection with the proposed divestment. The Board at its meeting held on August 28, 2023 has now approved the same. </p><p style="text-align: justify;"><b>Gokaldas Exports</b> (GEL) through its wholly owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across U.S. and Europe. Their product range includes shorts, pants, shirts, t-shirts, blouses and dresses catering across age groups.</p> |
| 28-Aug-2023 | Grasim Industries aiming to become second largest player in paints sector | <p></p><p style="text-align: justify;">Grasim Industries is aiming to become the second largest player in the paints sector which it considers a high-potential growth engine along with its new B2B e-commerce business for construction materials. The firm is now shifting focus to the new businesses and has embarked on a transformational growth phase with the incubation of two new high-potential growth engines - Paints and B2B e-commerce for building materials. Grasim last year doubled its planned investment to Rs 10,000 crore in setting up the paints business.</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><p></p><div style="text-align: justify;"><br></div> |
| 10-Aug-2023 | Grasim Industries reports 7% fall in Q1 consolidated net profit | <p style="text-align: justify;">Grasim Industries has reported results for first quarter ended June 30, 2023 (Q1FY24). </p><p style="text-align: justify;">The company has reported 56.06% fall in its net profit at Rs 355.27 crore for the quarter under review as compared to Rs 808.56 crore for the same quarter in the previous year. Total income of the company decreased by 12.93% at Rs 6,353.41 crore for Q1FY24 as compared Rs 7,296.74 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 6.61% fall in net profit at Rs 2,576.35 crore for the first quarter ended June 30, 2023 as compared to Rs 2,758.75 crore for the same quarter in the previous year. However, total income of the company increased by 11.17% at Rs 31,360.98 crore for Q1FY24 as compared Rs 28,209.61 crore for the corresponding quarter previous year.</p><div style="text-align: justify;"><br></div> |
| 10-Aug-2023 | Grant Of Stock Options - Grasim Industries Limited Employee Stock Option And Performance Stock Unit Scheme 2022 | Grant of Stock Options - Grasim Industries Limited Employee Stock Options and Performance Stock Unit Scheme 2022 |
| 01-Aug-2023 | Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS | Allotment of 16,665 Equity Shares under Employee Stock Option Scheme 2013 |
| 26-Jun-2023 | Grasim Industries gets nod to raise funds up to Rs 2,000 crore through NCDs | <p style="text-align: justify;">Grasim Industries has received approval to raise amount not exceeding Rs 2,000 crore through issue of Non-Convertible Debentures (NCDs) on private placement basis, in one or more tranches. The Finance Committee of the Board of Directors of the Company at its meeting held on June 23, 2023, considered and 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> |
| 21-Jun-2023 | Grasim Industries submits analyst meet intimation | <div style="text-align: justify;">Grasim Industries has informed that the Company will be meeting with Analyst/ Institutional Investors on 23rd June 2023. The latest Investor Presentation and Corporate Presentation to be discussed has already been placed on the website of the Company i.e., www.grasim.com. No unpublished price sensitive information will be shared/discussed in the meeting with investor. The above is for information and record. The schedule may undergo change due to exigencies on part of the Investor/ Company.</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> |
