Grasim

Grasim Industries, the flagship company of the Aditya Birla Group, on Tuesday announced entering into three term loan agreements totalling Rs 5,000 crore to finance capital expenditure and repayment of existing loans. It has executed agreements for a secured loan of Rs 4,850 crore and two unsecured loans of Rs 70 crore and Rs 80 crore, Grasim Industries said in an exchange filing. "The company has entered into three Term Loan Agreements on April 3, 2023, to avail the Rupee Term Loan facility aggregating to Rs 5,000 crore from Axis Bank Limited in terms of the approval by the Finance Committee of the Company," it said. The rupee term loans "are of 10 years tenor", it added. It will utilise Rs 4,850 crore loan for capital expenditure, reimbursement of capital expenditure already incurred in the last 12 months or re-payment of existing borrowings. While the other two unsecured term loans worth Rs 150 crore "shall be utilised for capital expenditure of identified projects," it ...

JK Cement latest entrant after JSW, Grasim, Astral Pipes and B2B marketplace Infra.Market; move aimed at driving synergies, leveraging distribution network, say experts

Both ventures complement existing businesses of Grasim; they cater to a large market, offer access to new customer pools, firm says

Investment adds new high-growth engine within Grasim's standalone businesses and of its associate cos; firm is spending Rs 10,000 cr in new paints business, will launch products by early 2024

Grasim has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25

Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.

Company to launch products by March 2024, take on Asian Paints and new entrants such as JSW

Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.

In Dec quarter results, the company said its consolidated revenue was up 16% at Rs 24,402 crore while profit after tax was Rs 1,746 crore, up 26% YoY

Business Standard brings you the top news of the evening

We finally witnessed a decisive price and volume breakout from the recent congestion zone in Strides Pharma

Markets regulator Sebi on Thursday allowed Thomas Cook (India) to withdraw its buyback offer because of substantial deterioration in the company's financial position

Ability to penetrate distribution network and creating brand equity key challenges, say analysts

The Indian paint industry is valued at approximately Rs 54,500 crore and is expected to grow to Rs 97,100 crore by 2024, according to the estimates of Indsec Research

Larsen and Toubro is expected to report a strong sequential rebound in performance in Q3FY21 on the back of a healthy order inflow across verticals

Will take on the likes of Asian Paints, Nerolac in a sector that has registered a revenue CAGR of 11% between FY14 and FY19

All that happened in the markets today.

The project will be done in two phases, with the first phase of production expected to be operational in late-2022

Banking stocks' gain on Friday may provide impetus for the extended rally going forward

This set owns 60% stake in the company and has seen zero returns on investments in the telecom firm