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Grasim Industries expects all the six plants to be fully operational by the end of this financial year. The company has pumped in Rs 7,000 crore in the paints business.
The company invested Rs 4,471 crore in capital expenditure in the last financial year and targets achieving Rs 10,000 crore in revenue with full-scale operations.
The company commenced production at three plants in April, and the remaining three are scheduled for completion by FY25.
These manufacturing units located across the country are fully integrated, connected and automated, enabling large-scale production of over 1,200 SKUs, powered by renewable energy and adhering to a zero liquid discharge policy, as stated at the company’s 77th Annual General Meeting held on 20 August, 2024.
Birla Pivot, the B2B e-commerce business for building materials, has crossed Rs 1,000 crore in revenue in its first year of operations.
The business has expanded its portfolio to include 35 product categories and over 18,000 SKUs, sourced from over 150 Indian and international brands, delivering to over 200 cities across 25 states. It further aims to achieve USD one billion in revenue within the next three years.
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