Grasim s revenue from Cellulosic Fibres was marginally down to Rs 3,761.75 crore in the March quarter. It was at Rs 3,764.06 crore in Q4 of FY23. "Demand in India during the quarter was impacted by the amendment in the MSME policy, which resulted in low inventory build-up in the textile value chain. The Cellulosic Fashion Yarn (CFY) business remains impacted by increased cheaper imports from China in an already weak demand market," it said.
The boards of directors of Aditya Birla Capital Ltd and its wholly-owned subsidiary, Aditya Birla Finance, have approved a scheme of amalgamation of the two companies to create a larger non-banking fi
Aditya Birla Capital also announced that is investing Rs 50 crore in its another wholly-owned subsidiary, Aditya Birla Capital Digital. Both the investments are aimed at meeting the growth and funding requirements, it informed the exchanges
Grasim s revenue from viscose-pulp, viscose staple fibre (VSF) and filament yarn segment was at Rs 3,888.88 crore in the quarter compared to Rs 3,903.14 crore in the corresponding quarter a year ago.