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Grasim Industries, the flagship company of Aditya Birla Group, would invest Rs 3,117 crore on its existing businesses in FY23, its Chairman Kumar Mangalam Birla said on Monday. This investment would be towards capacity creation and modernisation of plants. "For FY23, your company has earmarked Rs 3,117 crore for the existing lines of businesses excluding the paints and B2B e-commerce business," said Birla while addressing shareholders of the company. About the company's "strategic foray" into paints and B2B e-commerce, he said these are decisive steps for a strong growth. "Both paints and B2B E-commerce businesses complement the existing lines of business within the Grasim umbrella. They cater to a large market, offer access to new customer pools, and hold the promise of creating sustained stakeholder value," he said. The company's board has already approved a total capex of Rs 10,000 crore for the paints business, out of which Rs 605 crore has been spent till FY22, he ...