The Hindu Business Line : Grasim to spend Rs 4,500 cr on capex

Grasim Industries has announced a bumper capital expenditure plan for the next two years that will increase its group cement production capacity by 8 million tonnes and its viscose staple yarn capacity by 25 per cent.

Around Rs 4,500 crore will be spent on Grasim over the next two years and Rs 1,520 crore on UltraTech over the next three years.

"We have completed our acquisition phase and have moved to an asset building phase," said Mr D.D. Rathi, whole-time director and Chief Financial Officer, Grasim Industries, at a news conference here on Thursday. At Grasim, Rs 2,475 crore will be spent on greenfield and brownfield expansion.

The greenfield plant, with a split grinding unit, will be located at Kotputli in Rajasthan and will have a capacity of 4 mtpa and the brownfield one will expand the Sambhupura unit by another 4 mtpa. The capex also covers thermal plants, which will be set up at each of these locations.

Capacity expansion

The capacity expansion during the current fiscal will be 1.5 million tonnes and the rest in the succeeding year.

An additional Rs 1,260 crore will be spent on modernisation, debottlenecking and a grinding unit at Dadri; on ready mix concrete plants and new captive power plants. The capex of Rs 1,520 crore for subsidiary UltraTech will largely go towards captive power plants and also towards debottlenecking and modernisation.

More Stories on : Cement | New Projects | Grasim Industries Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cyclone Mala churns into Category 4 status

Indiabulls Sec gets a breather

SEBI order harsh; we are victims of fraud: Karvy

Karvy refutes SEBI charges

Fictitious demat a/cs opened in 2003 itself

Grasim to spend Rs 4,500 cr on capex

Inflation up on costlier fuel, manufactured items

`Work environment vital to manage attrition'

GAIL net profit dips 22% in Q4

HLL Q4 net rises 76.9 pc

Bharti Airtel net up 49 pc on user growth

ATI expanding operations in India

Govt may allow wheat import by private sector

Sensex rebounds after a crash