Corporates

Grasim Raising Rs 4,000 Crore Through Rights Issue

Textile Insights October 19, 2023

The board of Grasim Industries has approved the raising of funds not exceeding Rs 4,000 crore by way of a rights issue, while the rating agencies continue to reaffirm Grasim’s ‘AAA’ ratings. This Rs 4,000 crore will fund ongoing capital expenditure, repay existing borrowings, and support

Apparel, Fashion, Retail

Linen Club Expanding Store Network To Smaller Cities

Textile Insights September 11, 2023

The textiles division of Grasim Industries is planning a significant expansion of its Linen Club brand stores, into smaller cities and towns by opening 100-120 retail stores over the next two years. The Aditya Birla Group company is aiming to tap into the potential growth of these smaller towns and cities, and thereby increase its […]

Corporates

Grasim Industries Conferred ‘Sustainable Organisation 2023’ Award

July 16, 2023

Grasim Industries Ltd was honored with the esteemed title of Sustainable Organization of 2023 at the NavaBharat Environment Conclave and Awards in Mumbai. The award was presented to Pavan Jain, Chief Financial Officer of Grasim Industries, by Shri Nitin Gadkari, the Minister for Road Transport & Highways, Government of India. This prestigious accolade serves as […]

Corporates

Grasim Industries & Rieter Celebrate Partnership At ITMA 2023

July 16, 2023

Grasim Industries Limited, a flagship company of Aditya Birla Group and Rieter has a joint cooperation to explore the production of best air-jet yarns and fabrics made from viscose. Both the companies have recently concluded a trial with the eco-friendly Birla Excel fiber, which is made from a unique closed-loop process. With this trial, the […]