Grasim Industries, the Aditya Birla Group firm is going to spend more than Rs 4,000 crore for capacity expansion of its various businesses like cement, chemical and VSF in the coming financial year.
Grasim Industries has been engaged in the manufacturing of Viscose Staple Fibre (VSF) that is used in apparels and Cement and it accounts for more than 90 percent of its revenues.
The company is aiming to invest Rs 3,800 crore on capex in the 2016-17 fiscal on its subsidiary, cement maker Ultratech, during the same period it will invest in Rs 255 crore in its VSF and chemicals business during the same period.
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