Aditya Birla Group's Grasim Industries plans to invest an additional Rs. 6,400 crore in expanding its capacity as its existing plants are unable to meet growing demand from the local customers.
Dilip Gaur, managing director of Grasim, said the investment would be made in the speciality fiber business, which would increase its capacity by about 40 per cent in the next two years as the company.
“We have invested Rs. 7,000 crore in the last 10 years and will invest a similar amount in the next two years as demand is fast picking up. We have to divert our exports consignments to the domestic market to cater to the demand,” he said.
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