Grasim Industries Limited, the flagship company of the Aditya Birla Group, is a leading global producer of cellulosic fibres, diversified chemicals, fashion yarn and fabrics producer in India, has budgeted Capex of Rs. 4,500 crore for FY25.  

"On the Capex front, we continue to focus on growth Capex for FY25 budgeted capital expenditure is over Rs. 4,500 crore, of which growth Capex in new businesses is planned at Rs. 3,000 crores, which is 66% of the total capital expenditure," said Pavan Jain, Chief Financial Officer, Grasim Industries Limited.

"Paints business under brand Birla Opus has started its commercial production at three plants in April 2024 and more than 80% range of 145 planned products have been placed in the distribution channels. Trial run production has also started at Chamarajanagar, and commercial products are expected to commence from Q3 FY25. Construction at other two plants is progressing as per plans and remains and expected to be completed in budgeted sanction project cost," commented Jain. 

"Mahad and Kharagpur will be somewhere in Q3 and Q4. So first Mahad in Q3 and then in Q4, the Kharagpur plant," says Jain.

"Revenue of our B2B e-commerce business, Birla Pivot, is gradually ramping up. The current quarterly run rate of revenue is over Rs. 550 crores with increasing trends in total number of buyers. Private labels are now available across three product categories, which is ply, door, and tiles. We are also working on building a retail distribution channel for these private labels along with sales support for better penetration," said Jain.

"In the other businesses, our renewable business has increased the capacity to almost 1 GW, while in the current quarter it remains on track to double the capacity to 2 GW by the end of this year. The business has a strong anchor clientele with Aditya Birla group companies representing 43% of its existing portfolio," added Jain.