Global Cement
Unmatached fuel flexibility with Pyrorotor - KHD
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Cut your energy costs with our high-performance lubricants and services - Kluber Lubrication
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News Grasim

Displaying items by tag: Grasim

Subscribe to this RSS feed

Grasim Industries to raise US$121m

03 November 2022

India: Grasim Industries has secured its board's finance committee's clearance to raise up to US$121m through issue of non-convertible debentures. The Aditya Birla subsidiary plans to carry out the issue on a private placement basis, in one or more tranches.

Published in Global Cement News
Read more...

Grasim Industries increases sales in first quarter of 2023 financial year

12 August 2022

India: Grasim Industries recorded consolidated sales of US$3.52bn in the first quarter of its 2023 financial year, up by 41% from first-quarter sales of US$2.5bn a year previously. Dow Jones Institutional News has reported that the group’s cement business contributed a net profit of US$402m, down by 8.8% year-on-year from US$441m.

Published in Global Cement News
Read more...

Grasim Industries to establish building materials sales platform

20 July 2022

India: Grasim Industries plans to establish a building materials sales platform with a total investment of US$250m over the five-year period to 2027. The Business Standard newspaper has reported that the new platform offers clear adjacencies with the cement and building materials producer's existing businesses and associate companies.

Parent company Aditya Birla's chair Kumar Mangalam Birla said "The building materials segment presents a huge scalable business opportunity with a proven path to profitability. With this foray, Grasim will be able to leverage the large business-to-business ecosystem within the Aditya Birla Group."

Published in Global Cement News
Read more...

UltraTech Cement to increase cement capacity to 160Mt/yr

06 June 2022

India: UltraTech Cement plans to invest US$1.67bn to expand its cement production capacity to 160Mt/yr. This corresponds to a capacity cost of US$76m/Mt/yr. The Business Standard newspaper has reported that the investment is part of parent company Aditya Birla’s planned US$9.91bn spending package to expand existing capacities and enter new sectors, including paints, via its subsidiary Grasim Industries. The investments will affect both its Indian operations and those overseas.

Published in Global Cement News
Read more...

Grasim Industries records increased sales and profit in 2022 financial year

25 May 2022

India: Grasim Industries' full-year consolidated sales were US$12.3bn in the 2022 financial year, up by 25% year-on-year from US$9.85bn. Its net profit rose by 60% to US$1.44bn from US$901m.

Published in Global Cement News
Read more...

Grasim Industries’ shareholding changes

26 November 2021

India: Grasim Industries has reported a change to its shareholding arrangements. Life Insurance Corporation (LIC) of India has concluded its sale of a 2% of stake in the company. LIC retains 9.8% of shares.

Published in Global Cement News
Read more...

Hari Krishna Agarwal appointed as managing director of Grasim Industries

08 September 2021

India: Grasim Industries has appointed Hari Krishna Agarwal as its managing director. He will take up the post for a period of two years from 1 December 2021. The appointment is subject to shareholder approval. It follows the early retirement of Dilip Gaur from the subsidiary of Aditya Birla Group.

Agarwal, aged 62 years, has worked for Aditya Birla Group for nearly 40 years. During this period, he has held different roles in cement, chemicals and pulp and fibre businesses before taking on his current role as Business Head for Pulp & Fibre. He is a chartered accountant and an Executive Master of Business Administration (MBA) from the Sasin School of Management at Chulalongkorn University in Bangkok, Thailand.

Published in People
Read more...

Grasim Industries’ 2021 financial year full-year sales rise as profit falls

25 May 2021

India: Grasim Industries’ full-year consolidated net sales rose by 2% year-on-year to US$10.5bn in its 2021 financial year from US$10.3bn in the 2020 financial year. The profit attributable to owners of the company was US$591m, down by 3% from US$606m. Cement sales rose by 5% to US$6.15bn from US$5.83bn.

Published in Global Cement News
Read more...

Grasim Industries raises US$136m through non-convertible debentures

06 April 2021

India: Aditya Birla subsidiary Grasim Industries has raised US$136m through fully paid unsecured non-convertible debentures (NCDs). The company has allotted the NCDs on a private placement basis.

Published in Global Cement News
Read more...

Grasim Industries makes loss in first quarter of 2021 fiscal year

14 August 2020

India: Aditya Birla subsidiary Grasim Industries recorded a loss of US$36.0m in the first-quarter of the 2021 financial year (1 April 2020 – 30 June 2020), compared to US$26.9m profit in the first quarter of the 2020 financial year. The company attributed this to a 61% year-on-year fall in sales to US$260m from US$668m due to ‘lower realisation and weak demand’ during coronavirus lockdown. Consolidated cement sales over the period were US$228m, down by 29% year-on-year from US$320m.

Published in Global Cement News
Read more...
  • Start
  • Prev
  • 1
  • 2
  • Next
  • End
Page 1 of 2
AI Modules - The Kima Process
Loesche - Innovative Engineering
Airscape - The new sealing standard for transfer points in conveying systems
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« February 2023 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28          



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2023 Pro Global Media Ltd. All rights reserved.