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Grasim Industries, an Aditya Birla Group company, plans to restart production at its Nagda plant in Madhya Pradesh in a phased manner.
The company suspended production of staple fibre and halved Chlor-Alkali output at the plant last week due to water shortage.
The availability of water has improved and accordingly, the production in the plant is being restarted in a gradual manner and the full production is expected to be restored by Thursday, the company said in a statement.
Grasim has viscose staple fibre production capacity of 3,33,975 tonnes a year through its three plants. Besides Madhya Pradesh, the company has production facilities at Kharach in Gujarat and Harihar in Karnataka.
The company registered seven per cent increase in revenue at Rs 4,970 crore in the fiscal ended March against Rs 4,646 crore in the same period last year. However, its net profit was down marginally at Rs 1,177 crore (Rs 1,182 crore).
On BSE, the company’s shares were up 0.27 per cent at Rs 2,650 on Thursday.
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