Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 15 2018

Grasim Allots Rs 3,500cr to boost VSF capacity

Grasim which is the only fibre producer in the country already has expansion projects worth Rs 2,900 crore in process for both its VSF and chemicals businesses.

Aditya Birla Group owned Grasim Industries which occupies as much business as telecom, cement, and textiles, would spend more than Rs 3,500 crore on expanding the output of viscose staple fibre (VSF) that finds key use in making textiles.

Dilip Gaur, managing director of Grasim Industries said, "The board has approved a brownfield expansion of Rs 3,523 crore at the Vilayat facility which will get commissioned by 2021, Coupled with the existing expansion and debottlenecking plan of Rs 802 crore, the total capacity for VSF will be increased by 58% to 788 KTPA from the current 498 KTPA.”

Grasim which is the only fibre producer in the country already has expansion projects worth Rs 2,900 crore in process for both its VSF and chemicals businesses, taking the total spend on expanding capacities to more than Rs 6,400 crore.

Sushil Agarwal, group CFO of Grasim Industries said, “The money will be spent over the next two and a half years. We have a strong balance sheet."

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: Doner & Gyros is a casual fast food restaurant..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Kake Da Hotel is a legendary family restaurant founded..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 600 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Delhi New Delhi
  • Designer
    About Us: Established in 1990, Catwalk Worldwide Private Limited is India’s..
    Locations looking for expansion Delhi
    Establishment year 1990
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Tarbouche, ,meaning the brimless red cap worn by Turkish..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities