Grasim to commission ECH and CPVC plants by FY26, boosting chemicals, paints, and e-commerce businesses while nearing Rs. 2 lakh crore market cap.
Grasim Industries, part of the Aditya Birla Group, is preparing to commission two significant chemical plants — Epichlorohydrin (ECH) and Chlorinated Polyvinyl Chloride (CPVC) — at Vilayat by March 2026. These facilities will further enhance the company’s integrated value chain in advanced materials and expand its global contribution to specialty polymers.
Addressing shareholders at the company’s Annual General Meeting, Chairman Kumar Mangalam Birla highlighted the steady growth of the chemicals division. With an expanded installed capacity of 1,505 KTPA, Grasim has consolidated its leadership as India’s largest producer of caustic soda. Birla noted that FY 2024–25 witnessed stronger net ECU realisations compared to the previous year, primarily supported by firmer global prices. The chlorine derivatives segment also performed well, aided by portfolio diversification and targeted growth strategies.
In specialty chemicals, Grasim achieved record capacity expansion in epoxy polymers and curing agents, making it the highest in the country. These steps underline the company’s focus on building a comprehensive chemicals ecosystem to meet both domestic and international demand.
Turning to the paints business, Birla announced that Grasim will commission its sixth paint manufacturing facility in the coming month. Once fully functional, the company’s brand, Birla Opus, will represent nearly 24% of India’s installed capacity in the decorative paints industry. This entry is significant given the market has been dominated by long-standing players for over five decades.
Birla Opus already offers more than 175 products across 1,460 SKUs, spanning all six categories of decorative paints. Its extensive reach covers over 8,000 towns through 141 depots, supported by an innovative retail model that includes Birla Opus Studios and Paint Galleries. The company has set an ambitious target of aligning its revenue share with its capacity share of 24% and aims to achieve Rs. 10,000 crore in revenue by the third year of full-scale operations.
Another key growth driver is Birla Pivot, Grasim’s B2B e-commerce platform. The digital marketplace has achieved a revenue run rate exceeding Rs. 5,500 crore, with AI integrated into core operations. Offering over 40,000 SKUs, Birla Pivot operates in 375 cities across 26 states, rapidly addressing challenges in the B2B ecosystem. The platform is on track to surpass Rs. 8,500 crore in annualised revenue by FY27.
At a consolidated level, Grasim posted record revenues of nearly Rs. 1.5 lakh crore, while market capitalisation surged to approximately Rs. 1.95 lakh crore. With this milestone, the company is now close to crossing the Rs. 2 lakh crore mark, reflecting its strong performance across multiple business verticals.
