Grasim Industries Ltd had earlier announced about the execution of definitive agreement between the company and Lubrizol Manufacturing India (Lubrizol) for setting up a plant to manufacture and supply of 100,000 metric tonnes of Chlorinated Polyvinyl Chloride (CPVC) resin in India.

The first phase of the plant was planned to commence production in the year 2022. However, the unprecedented global COVID outbreak and its consequences, such as supply chain disruptions, prevented project work from starting.

Both the company and Lubrizol now reaffirm that the construction of the first phase of the world's largest single-site state-of-the-art 100,000 metric tonne CPVC resin facility in Vilayat, Gujarat, will commence in later part of the year 2023. The project implementation plan is under finalisation, and we will share the further developments including commissioning timelines in due course.