Birla Pivot, Aditya Birla Group`s B2B e-commerce platform for building materials, has hit a remarkable milestone of achieving Rs. 1,000 crore revenue in its first year of operations - FY24. This achievement has placed Birla Pivot, the business unit of Grasim Industries, as one of the fastest-growing entities to achieve such a milestone in the B2B e-commerce space.Powered by Capital Market - Live News

The Board of Grasim Industries at its meeting held on 04 April 2024 has approved the acquisition of 26% equity shares of Clean Max Decimus, a Special Purpose Vehicle (SPV) for generation and transmission of renewable energy. Powered by Capital Market - Live News

Grasim Industries has allotted 1,250 - 7.25% Fully Paid, Unsecured, Unlisted, Rated, Redeemable, Non-Convertible Debentures of Face Value of Rs 1,00,00,000/- each (7.25% GIL 2034 Series I) aggregating to Rs 1,250 crore to International Finance Corporation, a multilateral institution, on private placement basis on 22 March 2024. Powered by Capital Market - Live News

Grasim Industries announced an investment from the International Finance Corporation (IFC), the private sector arm of the World Bank Group, for Rs 1250 crore (equivalent to approximately $150 million) by way of subscription to Non-Convertible Debentures (NCD) to be issued by the Company. The Sustainability-Linked NCDs will support the Company`s investment in paint manufacturing. IFC`s investment will accelerate Grasim`s decarbonization drive through the increased adoption of renewable energy and water recycling in the paint manufacturing process. Recently, Aditya Birla Group Chairman, Kumar Mangalam Birla, announced the launch of products and services under its new decorative paints brand, �Birla Opus�, aiming for Rs.10,000 crore gross revenue within 3 years of full-scale operations. All six manufacturing plants will be fully sustainable with zero liquid discharge and equipped with 4th generation manufacturing technology to manage supply chain processes at lightning speed, zero defects and end-to-end traceability.Powered by Capital Market - Live News

Grasim Industries has made full and timely re-payment of Rs 350 crore to the holders of CP today, i.e. 18 March 2024. Powered by Capital Market - Live News