Grasim Industries

Grasim Industries announced that its Resin Block at the Birla Opus Paints plant in Kharagpur, West Bengal, began commercial production on November 12, 2025, with an installed capacity of 24 Million Litres Per Annum (MLPA). This expansion increases the total installed capacity of Resin Blocks across all Birla Opus plants to 92 MLPA. The company also disclosed that the installed capacity of Emulsion Blocks across all Birla Opus plants stands at 376 MLPA. The production will serve the domestic market.

Grasim Industries delivered its 21st consecutive quarter of revenue growth with standalone revenue reaching INR 9,610 crores, up 26% year-on-year, while consolidated trailing 12-month revenues approached INR 1,60,000 crores. The company's paints business BirlaOpus commissioned its sixth and largest plant in Kharagpur with 236 million liters capacity, bringing total decorative paints capacity to 1,332 million liters per annum across six plants. BirlaOpus achieved double-digit market share including putty revenues and expanded distribution to over 10,000 towns. However, CEO Rakshit Hargave resigned effective December 6, 2025, with Managing Director Himanshu Kapania taking interim oversight. The cellulosic fibers segment saw revenue growth of 1% to INR 4,149 crores but EBITDA declined 29% to INR 350 crores due to higher input costs. Chemicals business reached two-year high revenue levels driven by caustic soda and specialty chemicals performance. UltraTech cement sales volume grew 6.9% year-on-year to 33.85 million metric tons. B2B e-commerce platform BirlaPivot showed 15% sequential revenue growth and expanded into polymers, solvents and textile chemicals. Net debt declined by INR 292 crores to INR 6,861 crores.

Grasim Industries has executed agreements to acquire 26% equity stakes in two Special Purpose Vehicles - Pro-Zeal Green Power Eighteen Private Limited and Pro-Zeal Green Power Nineteen Private Limited. The acquisitions are structured through Share Subscription-Cum-Shareholders Agreements and Power Purchase Agreements to serve as captive renewable energy users for the company's plants in Vilayat, Gujarat and Balabhadrapuram, Andhra Pradesh. Pro-Zeal Green Power Nineteen Private Limited was incorporated on September 24, 2025, and is developing a captive wind-solar hybrid power generation facility with approximately 21MW capacity. The transactions are cash considerations and not related party transactions, with completion expected within 30 days of agreement execution. The acquisitions aim to meet green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption under electricity laws.