Grasim greenlights $323M Lyocell capacity expansion at Karnataka plant
Aditya Birla Group flagship Grasim Industries has approved a Rs. 3,094 crore Phase II investment to add 110,000 TPA of Lyocell fibre capacity at its Harihar, Karnataka facility, deepening its bet on sustainable cellulosic fibres for apparel supply chains.
What happened
Grasim Industries, Aditya Birla Group's flagship, approved a Rs. 3,094 crore (US $323 million) Phase II expansion to add 110,000 TPA of Lyocell fibre capacity
Key facts
- Rs. 3,094 crore
- US $323 million
- 110,000 TPA
Why this matters
This capacity build entrenches Aditya Birla as a scale challenger in premium cellulosics, raising the bar for any Western entrant and tightening the M&A window for smaller specialty fibre players in Asia.