Grasim Industries Inaugurates Phase 1 of CPVC Resin Plant in Gujarat with Lubrizol collaboration
Grasim Industries Limited has announced the inauguration of Phase 1 of its Chlorinated Polyvinyl Chloride (CPVC) resin manufacturing plant located in Vilayat, Gujarat. The facility was developed in partnership with Lubrizol Advanced Materials India Private Limited.Phase 1 of the CPVC Resin Plant is planned to have a capacity of approximately 50,000 metric tonnes per annum. This step marks a progression from previous corporate announcements regarding the execution of agreements with Lubrizol Manufacturing India Private Ltd for CPVC resin production in India.
The plant inauguration signals progress toward the goal of establishing a major facility in Vilayat, Gujarat. The company stated that it will provide an update regarding the commencement of commercial production at the plant in due course.
GRASIM Stock Price Movement
As of 11:08 AM, shares of Grasim Industries Limited are shedding 0.10% in live trading, currently priced at ₹3161.2 as the stock remains near its yearly highs which peaked at ₹3197.5. Trading activity today comes through a volume of 86,175 shares, with the equity maintaining tight volatility despite the slight intraday dip.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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