Grasim Industries has invested nearly ₹74,000 crore in capital expenditure across its businesses over the past five years, underscoring its confidence in India’s long-term economic growth and its strategy of building leadership positions across high-growth sectors.
In his message to shareholders in the company’s Annual Report 2026, Grasim Industries Chairman Kumar Mangalam Birla said the investments have strengthened manufacturing capacity, enhanced capabilities, expanded the company’s presence in emerging sectors and created platforms to serve the needs of a rapidly evolving and self-reliant India.
UltraTech crosses global milestone
Birla highlighted UltraTech Cement as a key example of Grasim’s long-term investment philosophy, saying the company continues to invest ahead of the growth curve to create enduring value.
In April 2026, UltraTech Cement crossed the landmark 200 million tonnes per annum (MTPA) grey cement capacity, becoming the largest cement company in the world outside China.
He noted that UltraTech has expanded its cement capacity from about 52 MTPA in 2011 to over 200 MTPA, nearly quadrupling its scale in just over a decade through a combination of organic expansion, strategic acquisitions and operational excellence.
Birla said India’s infrastructure development, housing demand and manufacturing expansion would continue to create significant growth opportunities for the cement sector, with UltraTech well-positioned to capitalise on them owing to its scale, strong brand and industry-leading capabilities.
Expands sustainable fibre business
Grasim’s Cellulosic Fibres business remained a key growth pillar despite global market volatility, demand fluctuations and pricing pressures during FY26.
According to Birla, improving demand conditions, particularly in China, coupled with the company’s focus on specialty fibres, innovation and exports, enabled the business to outperform industry trends.
The company is also stepping up investments in sustainable textiles by expanding its Lyocell fibre capacity.
Grasim has approved an additional investment of more than ₹3,000 crore to establish a 110,000 TPA Lyocell plant at Harihar, over and above the ongoing 55,000 TPA expansion project.
Birla described Lyocell as one of the world’s most sustainable fibres and said the expansion reinforces Grasim’s ambition to shape the future of sustainable textiles.
Chemicals business delivers resilient growth
Grasim’s Chemicals business reported another year of resilient performance, supported by higher volumes, improved caustic soda realisations, stronger performance in chlorine derivatives and continued operational efficiency.
Birla said the integrated business model and downstream diversification enabled the chemicals business to deliver robust growth in both revenue and profitability despite continued volatility in global chemical markets.
During the year, the company also inaugurated its CPVC Resin manufacturing facility at Vilayat, a strategic investment aimed at reducing India’s dependence on imports for critical industrial materials.
Eyes manufacturing-led opportunities
Birla said India’s manufacturing resurgence, rising infrastructure investments, expanding water management requirements and industrial growth are expected to drive sustained demand across the chemicals value chain.
He said Grasim is well-positioned to benefit from these structural opportunities through its integrated operations, technology capabilities, scale and disciplined capital allocation strategy.