Grasim Industries
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** Brokerages Morgan Stanley and Citi see Grasim GRAS.NS unit Aditya Birla Renewables's acquisition of Sprng Energy owner Solenergi Power positively
** GRAS stock last down 1.13% at 3108.8 rupees
** Citi ("buy", PT 3600 rupees) says that transaction provides Aditya Birla Renewables with opportunity to expand RE footprint through acquisition
** Citi also flags that stock could react negatively as Grasim is to raise debt, which might impact co's leverage
** Morgan Stanley ("overweight", PT 3900 rupees) says deal allows co to hit ~10 GWp target well ahead of time
** Brokerage adds that acquisition is "timely bet" on India's energy security agenda
** GRAS rated "buy" or "strong buy" by all 9 analysts covering stock; median PT is 3600 rupees - data compiled by LSEG
** Stock up ~10%, YTD
(Reporting by Abhirami G in Bengaluru)
** Brokerages Morgan Stanley and Citi see Grasim GRAS.NS unit Aditya Birla Renewables's acquisition of Sprng Energy owner Solenergi Power positively
** GRAS stock last down 1.13% at 3108.8 rupees
** Citi ("buy", PT 3600 rupees) says that transaction provides Aditya Birla Renewables with opportunity to expand RE footprint through acquisition
** Citi also flags that stock could react negatively as Grasim is to raise debt, which might impact co's leverage
** Morgan Stanley ("overweight", PT 3900 rupees) says deal allows co to hit ~10 GWp target well ahead of time
** Brokerage adds that acquisition is "timely bet" on India's energy security agenda
** GRAS rated "buy" or "strong buy" by all 9 analysts covering stock; median PT is 3600 rupees - data compiled by LSEG
** Stock up ~10%, YTD
(Reporting by Abhirami G in Bengaluru)
Grasim Industries announced on 13 July 2026 that its subsidiary Aditya Birla Renewables Limited (ABRen) has signed a definitive agreement to acquire Solenergi Power Private Limited, which owns the Sprng Energy group, from Shell Overseas Investments B.V., a wholly-owned subsidiary of Shell PLC. The transaction values the target at an enterprise value of INR 17,200 crore (~US$1.8 billion), with the equity consideration to be adjusted for debt, cash and other items. Sprng Energy has a contracted renewable energy portfolio of approximately 5.0 GWp, comprising 3.3 GWp of operational capacity and 1.7 GWp under construction. The acquisition will be funded through a mix of debt and equity, including equity infusion from Grasim and funds managed by Global Infrastructure Partners. Combined with ABRen's existing 4.4 GWp portfolio, the deal creates a 9.3 GWp platform, positioning it among the largest renewable energy operators in India. The transaction is subject to regulatory approvals from the Competition Commission of India and Central Transmission Utility, with completion expected by 31 December 2026. Upon closing, Sprng Energy's companies will become subsidiaries of ABRen and consequently of Grasim.
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Grasim Industries announced on 13 July 2026 that its subsidiary Aditya Birla Renewables Limited (ABRen) has signed a definitive agreement to acquire Solenergi Power Private Limited, which owns the Sprng Energy group, from Shell Overseas Investments B.V., a wholly-owned subsidiary of Shell PLC. The transaction values the target at an enterprise value of INR 17,200 crore (~US$1.8 billion), with the equity consideration to be adjusted for debt, cash and other items. Sprng Energy has a contracted renewable energy portfolio of approximately 5.0 GWp, comprising 3.3 GWp of operational capacity and 1.7 GWp under construction. The acquisition will be funded through a mix of debt and equity, including equity infusion from Grasim and funds managed by Global Infrastructure Partners. Combined with ABRen's existing 4.4 GWp portfolio, the deal creates a 9.3 GWp platform, positioning it among the largest renewable energy operators in India. The transaction is subject to regulatory approvals from the Competition Commission of India and Central Transmission Utility, with completion expected by 31 December 2026. Upon closing, Sprng Energy's companies will become subsidiaries of ABRen and consequently of Grasim.
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Adds details on India's renewables space in paragraph 3 , background on Shell from paragraph 7 onwards
BENGALURU, July 13 (Reuters) - Grasim Industries' GRAS.NS renewables unit will buy Sprng Energy from British oil major Shell SHEL.L in a deal worth $1.8 billion, including debt, in one of India's largest clean energy acquisitions, the companies said on Monday.
The acquisition will add 5 gigawatts in capacity to Aditya Birla Renewables' portfolio, Grasim, the flagship company of India's Aditya Birla Group, said.
The deal takes the group's renewables portfolio to 9.3 GW, making it one of the largest players in the country's growing clean energy sector.
India has stepped up its clean energy push to meet rising power demand, targeting 500 GW of non-fossil fuel capacity by 2030 from about 283 GW now, drawing significant investment from domestic conglomerates and global energy companies.
The country's clean energy space is currently dominated by Adani Group's clean energy unit Adani Green ADNA.NS, and ReNew Energy Global.
The final equity consideration will be determined after adjustments for debt and cash, Grasim said.
The deal will be financed through a mix of debt, equity infusion from Grasim, and funds managed by Global Infrastructure Partners, a unit of BlackRock, it said.
The transaction is expected to complete by the end of 2026, Shell said on Monday.
The move reflects a wider industry shift, with global energy companies including BP BP.L and Equinor EQNR.OL dialing back renewable energy investments in favour of their traditional oil and gas operations.
Under CEO Wael Sawan, Shell has also shifted its focus back to liquefied natural gas trading and upstream operations, while shrinking the company's low-carbon projects.
Reuters reported in February that Shell was reviewing strategic options for Sprng Energy. Shell had agreed to buy Sprng in 2022 for $1.55 billion.
(Reporting by Nishit Navin and Sethuraman NR, additional reporting by Stephanie Kelly; Editing by Leroy Leo)
(([email protected];))
Adds details on India's renewables space in paragraph 3 , background on Shell from paragraph 7 onwards
BENGALURU, July 13 (Reuters) - Grasim Industries' GRAS.NS renewables unit will buy Sprng Energy from British oil major Shell SHEL.L in a deal worth $1.8 billion, including debt, in one of India's largest clean energy acquisitions, the companies said on Monday.
The acquisition will add 5 gigawatts in capacity to Aditya Birla Renewables' portfolio, Grasim, the flagship company of India's Aditya Birla Group, said.
The deal takes the group's renewables portfolio to 9.3 GW, making it one of the largest players in the country's growing clean energy sector.
India has stepped up its clean energy push to meet rising power demand, targeting 500 GW of non-fossil fuel capacity by 2030 from about 283 GW now, drawing significant investment from domestic conglomerates and global energy companies.
The country's clean energy space is currently dominated by Adani Group's clean energy unit Adani Green ADNA.NS, and ReNew Energy Global.
The final equity consideration will be determined after adjustments for debt and cash, Grasim said.
The deal will be financed through a mix of debt, equity infusion from Grasim, and funds managed by Global Infrastructure Partners, a unit of BlackRock, it said.
The transaction is expected to complete by the end of 2026, Shell said on Monday.
The move reflects a wider industry shift, with global energy companies including BP BP.L and Equinor EQNR.OL dialing back renewable energy investments in favour of their traditional oil and gas operations.
Under CEO Wael Sawan, Shell has also shifted its focus back to liquefied natural gas trading and upstream operations, while shrinking the company's low-carbon projects.
Reuters reported in February that Shell was reviewing strategic options for Sprng Energy. Shell had agreed to buy Sprng in 2022 for $1.55 billion.
(Reporting by Nishit Navin and Sethuraman NR, additional reporting by Stephanie Kelly; Editing by Leroy Leo)
(([email protected];))
MUMBAI, July 3 (Reuters) - India's Aditya Birla Capital ADTB.NS has accepted bids worth 5.57 billion rupees ($58.43 million) for reissue of 8.0668% April 2036 subordinated bonds, three bankers said on Friday.
It will offer a yield of 8.2484% and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
AB Capital | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA(Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA(Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.3200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, July 3 (Reuters) - India's Aditya Birla Capital ADTB.NS has accepted bids worth 5.57 billion rupees ($58.43 million) for reissue of 8.0668% April 2036 subordinated bonds, three bankers said on Friday.
It will offer a yield of 8.2484% and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
AB Capital | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA(Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA(Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.3200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, July 2 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise 6 billion Indian rupees ($63.17 million) through reissue of 8.0668% April 2036 subordinated bonds, three bankers said on Thursday.
It has invited bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 9 years and 10 months | To be decided | 2+4 | July 3 | AAA (Crisil) |
NIIF Infra Finance | 5 years and 5 months | 7.80 | 6.85 | July 1 | AAA (Icra) |
NIIF Infra Finance | 9 years and 11 months | 7.95 | 3 | July 1 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.9800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Rashmi Aich)
MUMBAI, July 2 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise 6 billion Indian rupees ($63.17 million) through reissue of 8.0668% April 2036 subordinated bonds, three bankers said on Thursday.
It has invited bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 9 years and 10 months | To be decided | 2+4 | July 3 | AAA (Crisil) |
NIIF Infra Finance | 5 years and 5 months | 7.80 | 6.85 | July 1 | AAA (Icra) |
NIIF Infra Finance | 9 years and 11 months | 7.95 | 3 | July 1 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.9800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Rashmi Aich)
Grasim Industries informed stock exchanges on Wednesday that it will hold one-on-one and buy-side meetings with investors including Citadel Securities, Enam Investments, Schonfeld Strategic Advisors, Franklin Templeton Investments, Wellington Management, and meetings arranged by Morgan Stanley between June 18 and June 23. The meetings will be conducted in virtual and physical modes. The company said no unpublished price-sensitive information will be shared.
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Grasim Industries informed stock exchanges on Wednesday that it will hold one-on-one and buy-side meetings with investors including Citadel Securities, Enam Investments, Schonfeld Strategic Advisors, Franklin Templeton Investments, Wellington Management, and meetings arranged by Morgan Stanley between June 18 and June 23. The meetings will be conducted in virtual and physical modes. The company said no unpublished price-sensitive information will be shared.
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MUMBAI, June 16 (Reuters) - India's Aditya Birla Capital ADTB.NS has accepted bids worth an aggregate of 11.30 billion Indian rupees ($119.4 million) for a five-year bond and a reissue of September 2029 bonds, three bankers said on Tuesday.
It will pay an annual coupon of 8.26% on the fresh issue and a yield of 8.07% on the reissue, and had invited bids on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 5 years | 8.26 | 5 | June 15 | AAA (Crisil) |
Aditya Birla Capital Sept 2029 reissue | 3 years and 3 months | 8.07 (yield) | 6.3 | June 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.6150 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, June 16 (Reuters) - India's Aditya Birla Capital ADTB.NS has accepted bids worth an aggregate of 11.30 billion Indian rupees ($119.4 million) for a five-year bond and a reissue of September 2029 bonds, three bankers said on Tuesday.
It will pay an annual coupon of 8.26% on the fresh issue and a yield of 8.07% on the reissue, and had invited bids on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 5 years | 8.26 | 5 | June 15 | AAA (Crisil) |
Aditya Birla Capital Sept 2029 reissue | 3 years and 3 months | 8.07 (yield) | 6.3 | June 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.6150 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
June 8 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM - APPROVED CAPEX OF 30.94 BILLION RUPEES
GRASIM - FIRST LINE EXPECTED TO BE COMMISSIONED BY 2028, 2ND LINE TO BE COMMISSIONED BY 2030
Source text: ID:nnAZN4T14NU
Further company coverage: GRAS.NS
(([email protected];))
June 8 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM - APPROVED CAPEX OF 30.94 BILLION RUPEES
GRASIM - FIRST LINE EXPECTED TO BE COMMISSIONED BY 2028, 2ND LINE TO BE COMMISSIONED BY 2030
Source text: ID:nnAZN4T14NU
Further company coverage: GRAS.NS
(([email protected];))
MUMBAI, June 4 (Reuters) - India's Aditya Birla Housing Finance has accepted bids totalling 9.60 billion rupees ($100.22 million), through the sale of bonds maturing in three years as well as five years, three bankers said on Thursday.
It will pay a coupon of 8.22% on the three-year bonds and 8.25% on the five-year papers, and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing | 3 years | 8.22 | 5 | June 4 | AAA (Crisil) |
Aditya Birla Housing | 5 years | 8.25 | 4.60 | June 4 | AAA (Crisil) |
Bajaj Housing reissue May 2029 bond | 2 years and 11 months | 8.15 (yield) | 20 | June 4 | AAA (Crisil) |
PNB Housing Finance | 5 years | 8.35 | 4+1 | June 5 | AAA(Care, India Ratings) |
REC | 2 years 8 months and 18 days | To be decided | 5+25 | June 8 | AAA (Care, Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.7850 Indian rupees)
(Reporting by Dharamraj Dhutia and Khishi Malhotra; Editing by Eileen Soreng)
MUMBAI, June 4 (Reuters) - India's Aditya Birla Housing Finance has accepted bids totalling 9.60 billion rupees ($100.22 million), through the sale of bonds maturing in three years as well as five years, three bankers said on Thursday.
It will pay a coupon of 8.22% on the three-year bonds and 8.25% on the five-year papers, and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing | 3 years | 8.22 | 5 | June 4 | AAA (Crisil) |
Aditya Birla Housing | 5 years | 8.25 | 4.60 | June 4 | AAA (Crisil) |
Bajaj Housing reissue May 2029 bond | 2 years and 11 months | 8.15 (yield) | 20 | June 4 | AAA (Crisil) |
PNB Housing Finance | 5 years | 8.35 | 4+1 | June 5 | AAA(Care, India Ratings) |
REC | 2 years 8 months and 18 days | To be decided | 5+25 | June 8 | AAA (Care, Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.7850 Indian rupees)
(Reporting by Dharamraj Dhutia and Khishi Malhotra; Editing by Eileen Soreng)
- UltraTech Cement scheduled a board meeting for July 20, 2026 to consider June 30, 2026 quarter standalone, consolidated unaudited results.
- Trading window to close July 1, 2026 through July 22, 2026, pending results announcement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5XL4FTTL9HBF7YM9) on June 01, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement scheduled a board meeting for July 20, 2026 to consider June 30, 2026 quarter standalone, consolidated unaudited results.
- Trading window to close July 1, 2026 through July 22, 2026, pending results announcement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5XL4FTTL9HBF7YM9) on June 01, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement appointed Vikram Bhalla as an independent director effective June 8, 2026, subject to shareholder approval.
- Bhalla is a senior partner at Boston Consulting Group India, part of its founding team, with nearly 30 years in strategy and transformation advisory.
- The appointment runs five years through June 7, 2031.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: HGJA8WOVVGREYYX3) on May 27, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement appointed Vikram Bhalla as an independent director effective June 8, 2026, subject to shareholder approval.
- Bhalla is a senior partner at Boston Consulting Group India, part of its founding team, with nearly 30 years in strategy and transformation advisory.
- The appointment runs five years through June 7, 2031.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: HGJA8WOVVGREYYX3) on May 27, 2026, and is solely responsible for the information contained therein.
** Shares of India's Grasim Industries GRAS.NS extended gains for the third straight session to hit a fresh record high of 3187.60 rupees; last up 0.6%
** Stock on track for its best week since late-June 2024, up 8% so far this week
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Stock on avg rated "buy" by 9 analysts; median PT is 3498 rupees - LSEG data
** Stock up 12% YTD
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of India's Grasim Industries GRAS.NS extended gains for the third straight session to hit a fresh record high of 3187.60 rupees; last up 0.6%
** Stock on track for its best week since late-June 2024, up 8% so far this week
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Stock on avg rated "buy" by 9 analysts; median PT is 3498 rupees - LSEG data
** Stock up 12% YTD
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of India's Grasim Industries GRAS.NS rise as much as 3.98% to record high of 3098.3 rupees; last up 3.6%
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Jefferies ("buy", PT 2938 rupees) says co's earnings beat their estimates due to strong performance in viscose staple fibre (VSF) and lower losses in new business
** JPMorgan ("overweight", PT 3460 rupees) flags 19% q/q headline rev growth in paints, stronger than their expectations
** Stock on avg rated "buy" by 9 analysts; median PT is 3525 rupees - LSEG data
** Stock up 8.6% YTD
(Reporting by Abhirami G in Bengaluru)
** Shares of India's Grasim Industries GRAS.NS rise as much as 3.98% to record high of 3098.3 rupees; last up 3.6%
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Jefferies ("buy", PT 2938 rupees) says co's earnings beat their estimates due to strong performance in viscose staple fibre (VSF) and lower losses in new business
** JPMorgan ("overweight", PT 3460 rupees) flags 19% q/q headline rev growth in paints, stronger than their expectations
** Stock on avg rated "buy" by 9 analysts; median PT is 3525 rupees - LSEG data
** Stock up 8.6% YTD
(Reporting by Abhirami G in Bengaluru)
Updates
** Shares of Crompton Greaves Consumer Electricals CROP.NS, RIC close 4.5% higher at 301.95 rupees
** Earlier rose as much as 7.5% to hit their highest level since September 2025
** Aditya Birla Group's Grasim Industries GRAS.NS interested in acquiring the consumer electricals firm, CNBC TV-18 reports, citing sources
** "We categorically deny this story," Aditya Birla Group spokesperson tells Reuters
** Crompton Greaves, after market close, said not engaged in any discussions on this matter
** CROP's market value stands at about $2 billion
** Grasim settled largely flat
** YTD, CROP up 20%, GRAS gained 4%
(Reporting by Nishit Navin in Bengaluru)
Updates
** Shares of Crompton Greaves Consumer Electricals CROP.NS, RIC close 4.5% higher at 301.95 rupees
** Earlier rose as much as 7.5% to hit their highest level since September 2025
** Aditya Birla Group's Grasim Industries GRAS.NS interested in acquiring the consumer electricals firm, CNBC TV-18 reports, citing sources
** "We categorically deny this story," Aditya Birla Group spokesperson tells Reuters
** Crompton Greaves, after market close, said not engaged in any discussions on this matter
** CROP's market value stands at about $2 billion
** Grasim settled largely flat
** YTD, CROP up 20%, GRAS gained 4%
(Reporting by Nishit Navin in Bengaluru)
MUMBAI, May 12 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise a total of 12 billion rupees ($125.61 million) via a reissue of 7.7173% May 2031 bonds and 8.16% February 2029 notes, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital May 2031 reissue | 5 years | To be decided | 2.5+4.5 | May 13 | AAA (Crisil) |
Aditya Birla Capital Feb 2029 reissue | 2 years and 10 months | To be decided | 2.5+2.5 | May 13 | AAA (Crisil) |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 95.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, May 12 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise a total of 12 billion rupees ($125.61 million) via a reissue of 7.7173% May 2031 bonds and 8.16% February 2029 notes, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital May 2031 reissue | 5 years | To be decided | 2.5+4.5 | May 13 | AAA (Crisil) |
Aditya Birla Capital Feb 2029 reissue | 2 years and 10 months | To be decided | 2.5+2.5 | May 13 | AAA (Crisil) |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 95.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
- UltraTech Cement received income-tax assessment order under Section 143(3) for Assessment Year 2023-24, raising tax demand of Rs. 808.78 billion including interest.
- Order was issued by Deputy Commissioner of Income-tax, Central Circle, Mumbai 1(4), received May 5.
- Demand reflects additions or disallowances tied to tax holiday claims, transfer pricing adjustments, ESOP expenses.
- Appeal to Commissioner of Income Tax (Appeals) is being prepared within statutory timelines; no impact on financial operations is expected.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: XAK87GVNJIVF2J11) on May 06, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement received income-tax assessment order under Section 143(3) for Assessment Year 2023-24, raising tax demand of Rs. 808.78 billion including interest.
- Order was issued by Deputy Commissioner of Income-tax, Central Circle, Mumbai 1(4), received May 5.
- Demand reflects additions or disallowances tied to tax holiday claims, transfer pricing adjustments, ESOP expenses.
- Appeal to Commissioner of Income Tax (Appeals) is being prepared within statutory timelines; no impact on financial operations is expected.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: XAK87GVNJIVF2J11) on May 06, 2026, and is solely responsible for the information contained therein.
May 5 (Reuters) - Grasim Industries Ltd GRAS.NS:
NCLAT SETS ASIDE CCI ORDER AGAINST GRASIM INDUSTRIES
PENALTY OF 3.02 BILLION RUPEES AGAINST GRASIM INDUSTRIES SET ASIDE
Source text: ID:nBSE9689YG
Further company coverage: GRAS.NS
(([email protected];;))
May 5 (Reuters) - Grasim Industries Ltd GRAS.NS:
NCLAT SETS ASIDE CCI ORDER AGAINST GRASIM INDUSTRIES
PENALTY OF 3.02 BILLION RUPEES AGAINST GRASIM INDUSTRIES SET ASIDE
Source text: ID:nBSE9689YG
Further company coverage: GRAS.NS
(([email protected];;))
- UltraTech Cement shareholders will vote via postal ballot on an ordinary resolution to authorize material related-party transactions with subsidiary India Cements for FY 2026-27.
- Mandate covers transactions up to INR 9,820 crore, including purchases, sales, inter-corporate deposits, corporate guarantees.
- Remote e-voting closes May 30, 2026, which will be treated as date resolution is passed if it secures required majority.
- Board, audit committee recommend shareholders vote in favor of proposal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 9YB5ON5BNV0WKI7R) on April 30, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement shareholders will vote via postal ballot on an ordinary resolution to authorize material related-party transactions with subsidiary India Cements for FY 2026-27.
- Mandate covers transactions up to INR 9,820 crore, including purchases, sales, inter-corporate deposits, corporate guarantees.
- Remote e-voting closes May 30, 2026, which will be treated as date resolution is passed if it secures required majority.
- Board, audit committee recommend shareholders vote in favor of proposal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 9YB5ON5BNV0WKI7R) on April 30, 2026, and is solely responsible for the information contained therein.
April 27 (Reuters) - UltraTech Cement ULTC.NS, India's largest cement maker by capacity, reported a bigger -than-expected fourth-quarter profit on Monday, helped by improved demand amid favourable weather for construction activity.
Consolidated net profit rose 20.2% year-on-year to 29.83 billion rupees ($316.61 million) for the three months ended March 31, above analysts' expectation of 28.1 billion rupees, per data compiled by LSEG.
($1 = 94.2162 Indian rupees)
(Reporting by Anuran Sadhu and Surbhi Misra in Bengaluru; Editing by Subhranshu Sahu)
(([email protected]; +91 8697274436;))
April 27 (Reuters) - UltraTech Cement ULTC.NS, India's largest cement maker by capacity, reported a bigger -than-expected fourth-quarter profit on Monday, helped by improved demand amid favourable weather for construction activity.
Consolidated net profit rose 20.2% year-on-year to 29.83 billion rupees ($316.61 million) for the three months ended March 31, above analysts' expectation of 28.1 billion rupees, per data compiled by LSEG.
($1 = 94.2162 Indian rupees)
(Reporting by Anuran Sadhu and Surbhi Misra in Bengaluru; Editing by Subhranshu Sahu)
(([email protected]; +91 8697274436;))
MUMBAI, April 23 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise up to 7.5 billion rupees ($79.73 million), including a greenshoe option of 5.5 billion rupees, through the reissue of 8.16% February 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital 2029 bond reissue | 2 years and 10 months | To be decided | 2+5.5 | April 24 | AAA (Crisil) |
Kotak Mahindra Prime | 3 years and 2 months | 7.74 | 7 | April 23 | AAA (Crisil, Care) |
Triumph Composites | 5 years | 10.50 (quarterly) | 12.56 | April 24 | AA- (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.0650 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, April 23 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise up to 7.5 billion rupees ($79.73 million), including a greenshoe option of 5.5 billion rupees, through the reissue of 8.16% February 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital 2029 bond reissue | 2 years and 10 months | To be decided | 2+5.5 | April 24 | AAA (Crisil) |
Kotak Mahindra Prime | 3 years and 2 months | 7.74 | 7 | April 23 | AAA (Crisil, Care) |
Triumph Composites | 5 years | 10.50 (quarterly) | 12.56 | April 24 | AA- (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.0650 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
- UltraTech Cement commissioned 9 mtpa of new cement grinding capacity across three plants in India.
- Total domestic grey cement capacity increased to 200 mtpa.
- Global cement capacity rose to 206 mtpa, including 5 mtpa overseas.
- Commissioning date was April 17, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: Z519PWRJFRAHVQWH) on April 17, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement commissioned 9 mtpa of new cement grinding capacity across three plants in India.
- Total domestic grey cement capacity increased to 200 mtpa.
- Global cement capacity rose to 206 mtpa, including 5 mtpa overseas.
- Commissioning date was April 17, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: Z519PWRJFRAHVQWH) on April 17, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement bank facilities ratings reaffirmed at CARE AAA with Stable outlook on April 12, 2026.
- Short-term rating reaffirmed at CARE A1+.
- Fixed deposit rating withdrawn due to no outstanding amount.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PI9V0SF39YIETPXY) on April 13, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement bank facilities ratings reaffirmed at CARE AAA with Stable outlook on April 12, 2026.
- Short-term rating reaffirmed at CARE A1+.
- Fixed deposit rating withdrawn due to no outstanding amount.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PI9V0SF39YIETPXY) on April 13, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement received an order from Additional Commissioner, Central GST, Dehradun, confirming alleged differential tax liability and ITC non-reversal for FY 2019-20 to FY 2023-24.
- Order in original confirmed tax demand of Rs. 540 million, with applicable interest.
- GST authority also imposed penalty of Rs. 540 million.
- UltraTech plans to contest demand, expecting no material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 3A11KJ2P4E6GTRVU) on March 31, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement received an order from Additional Commissioner, Central GST, Dehradun, confirming alleged differential tax liability and ITC non-reversal for FY 2019-20 to FY 2023-24.
- Order in original confirmed tax demand of Rs. 540 million, with applicable interest.
- GST authority also imposed penalty of Rs. 540 million.
- UltraTech plans to contest demand, expecting no material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 3A11KJ2P4E6GTRVU) on March 31, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement said it received an Order in Original from the Deputy Commissioner, State Goods and Services Tax, Maharashtra confirming a tax demand of Rs. 28,969,229,000.
- The order also confirms interest of Rs. 15,000,505,000 and a penalty of Rs. 2,896,692,000.
- The matter relates to the acquired cement business of Kesoram Industries involving alleged excess ITC availment, ineligible ITC claimed and short payment of tax liability.
- The company said it will contest the demand and does not expect the order to have any material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: I8FOS833Z124Z5C2) on March 25, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement said it received an Order in Original from the Deputy Commissioner, State Goods and Services Tax, Maharashtra confirming a tax demand of Rs. 28,969,229,000.
- The order also confirms interest of Rs. 15,000,505,000 and a penalty of Rs. 2,896,692,000.
- The matter relates to the acquired cement business of Kesoram Industries involving alleged excess ITC availment, ineligible ITC claimed and short payment of tax liability.
- The company said it will contest the demand and does not expect the order to have any material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: I8FOS833Z124Z5C2) on March 25, 2026, and is solely responsible for the information contained therein.
UltraTech Cement entered into an energy supply agreement and a share subscription and shareholders agreement to acquire a 26.18% stake in Sunsure Solarpark Seven. The transaction involves a cash equity investment of up to INR 192 million. Sunsure Solarpark Seven is an SPV developing a 60 MWp DC/40 MW AC solar project with an integrated battery energy storage system in Uttar Pradesh, India. UltraTech Cement said the investment is intended to support captive renewable power use and optimize energy costs.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: WI0FX6OAZ6JVBRIH) on March 18, 2026, and is solely responsible for the information contained therein.
UltraTech Cement entered into an energy supply agreement and a share subscription and shareholders agreement to acquire a 26.18% stake in Sunsure Solarpark Seven. The transaction involves a cash equity investment of up to INR 192 million. Sunsure Solarpark Seven is an SPV developing a 60 MWp DC/40 MW AC solar project with an integrated battery energy storage system in Uttar Pradesh, India. UltraTech Cement said the investment is intended to support captive renewable power use and optimize energy costs.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: WI0FX6OAZ6JVBRIH) on March 18, 2026, and is solely responsible for the information contained therein.
MUMBAI, March 6 (Reuters) - India's Aditya Birla Sun Life Insurance Company accepted bids worth 5 billion rupees ($54.53 million) in a sale of bonds maturing in 10 years, three bankers said on Friday.
It will pay a coupon of 7.90% and invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance | 10 years | 7.9 | 5 | March 6 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.5 | 14.50 | March 6 | AAA (Crisil, Care) |
Torrent Power | 8 years | 7.97 | 6.80 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 9 years | 7.97 | 6.75 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 years | 7.97 | 6.45 | March 6 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.6970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, March 6 (Reuters) - India's Aditya Birla Sun Life Insurance Company accepted bids worth 5 billion rupees ($54.53 million) in a sale of bonds maturing in 10 years, three bankers said on Friday.
It will pay a coupon of 7.90% and invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance | 10 years | 7.9 | 5 | March 6 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.5 | 14.50 | March 6 | AAA (Crisil, Care) |
Torrent Power | 8 years | 7.97 | 6.80 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 9 years | 7.97 | 6.75 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 years | 7.97 | 6.45 | March 6 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.6970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, March 5 (Reuters) - India's Aditya Birla Sun Life Insurance Company plans to raise 5 billion rupees ($54.69 million) through the sale of bonds maturing in 10 years, three bankers said on Thursday.
It will pay a coupon of 7.90% and invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance Company | 10 Years | 7.90 | 5 | March 9 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.50 | 14.50 | March 6 | AAA (Crisil,care) |
NEEPCO Staggered Redemption Bonds | 10 years | To be decided | 2.5+5 | March 9 | AA (Care, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.4250 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, March 5 (Reuters) - India's Aditya Birla Sun Life Insurance Company plans to raise 5 billion rupees ($54.69 million) through the sale of bonds maturing in 10 years, three bankers said on Thursday.
It will pay a coupon of 7.90% and invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance Company | 10 Years | 7.90 | 5 | March 9 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.50 | 14.50 | March 6 | AAA (Crisil,care) |
NEEPCO Staggered Redemption Bonds | 10 years | To be decided | 2.5+5 | March 9 | AA (Care, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.4250 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
UltraTech Cement Ltd. said its Board of Directors will meet on Monday, 27 April 2026, to consider and approve the company’s standalone and consolidated audited financial results and to recommend a dividend, if any. The company also said its trading window will remain closed from 1 April 2026 through 29 April 2026 (both days inclusive), ending 48 hours after the announcement of the financial results.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: A5YRD2WBG4RCT1I2) on March 02, 2026, and is solely responsible for the information contained therein.
UltraTech Cement Ltd. said its Board of Directors will meet on Monday, 27 April 2026, to consider and approve the company’s standalone and consolidated audited financial results and to recommend a dividend, if any. The company also said its trading window will remain closed from 1 April 2026 through 29 April 2026 (both days inclusive), ending 48 hours after the announcement of the financial results.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: A5YRD2WBG4RCT1I2) on March 02, 2026, and is solely responsible for the information contained therein.
By Bharath Rajeswaran
Feb 11 (Reuters) - Global index provider MSCI added financial services firms Aditya Birla Capital ADTB.NS and L&T Finance LTFL.NS to its widely tracked Global Standard Index, while removing state-run Indian Railway Catering and Tourism Corporation (IRCTC) in a periodic reshuffle.
The changes, disclosed on Wednesday, will take effect on February 27.
MSCI indexes serve as globally recognised benchmarks tracked by large passive funds, implying that inclusions typically attract fresh capital inflows, while removals usually entail outflows.
Following the rejig, the number of Indian companies in the MSCI Global Standard Index will rise to 165 from 164. However, India's overall weight in the index will remain steady at 14.1%, according to Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Nuvama estimates that Aditya Birla Capital and L&T Finance could see passive inflows of approximately $257 million and $238 million, respectively. In contrast, IRCTC is expected to face outflows of about $141.6 million.
AU Small Finance Bank AUFI.NS, a retail-focused lender, is likely to receive around $172 million in inflows due to an increase in its index weight, according to Nuvama.
MSCI also made significant changes to its Small Cap Index, reducing the number of Indian constituents to 480 from 508. India's small-cap index .NIFSMCP100 has declined 7% since the start of 2025, underperforming broader benchmarks.
The reshuffle comes amid continued pressure on India's small-cap stocks, where concerns over stretched valuations and earnings sustainability have weighed on sentiment.
While L&T Finance graduated from the Small Cap Index to the Global Standard Index, 34 companies including Dilip Buildcon DIBL.NS, Zaggle Prepaid ZAGG.NS, Sterlite Technologies STTE.NS, and KNR Constructions KNRL.NS were removed.
On the other hand, seven Indian firms, including renewable energy player Premier Energies PEME.NS, depository services provider National Securities Depository NATS.BO, pharmaceutical company Emcure Pharma EMCU.NS and cement manufacturer JSW Cement JSWC.NS were added to the Small Cap Index.
MSCI adds two Indian firms to its global standard index in February rejig https://reut.rs/4tv4XTm
Major additions and deletions of Indian stocks in MSCI Small Cap index https://reut.rs/4tsVlbF
India's small-cap stocks underperform the benchmarks since the start of 2025 https://reut.rs/3O1i66D
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
Feb 11 (Reuters) - Global index provider MSCI added financial services firms Aditya Birla Capital ADTB.NS and L&T Finance LTFL.NS to its widely tracked Global Standard Index, while removing state-run Indian Railway Catering and Tourism Corporation (IRCTC) in a periodic reshuffle.
The changes, disclosed on Wednesday, will take effect on February 27.
MSCI indexes serve as globally recognised benchmarks tracked by large passive funds, implying that inclusions typically attract fresh capital inflows, while removals usually entail outflows.
Following the rejig, the number of Indian companies in the MSCI Global Standard Index will rise to 165 from 164. However, India's overall weight in the index will remain steady at 14.1%, according to Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Nuvama estimates that Aditya Birla Capital and L&T Finance could see passive inflows of approximately $257 million and $238 million, respectively. In contrast, IRCTC is expected to face outflows of about $141.6 million.
AU Small Finance Bank AUFI.NS, a retail-focused lender, is likely to receive around $172 million in inflows due to an increase in its index weight, according to Nuvama.
MSCI also made significant changes to its Small Cap Index, reducing the number of Indian constituents to 480 from 508. India's small-cap index .NIFSMCP100 has declined 7% since the start of 2025, underperforming broader benchmarks.
The reshuffle comes amid continued pressure on India's small-cap stocks, where concerns over stretched valuations and earnings sustainability have weighed on sentiment.
While L&T Finance graduated from the Small Cap Index to the Global Standard Index, 34 companies including Dilip Buildcon DIBL.NS, Zaggle Prepaid ZAGG.NS, Sterlite Technologies STTE.NS, and KNR Constructions KNRL.NS were removed.
On the other hand, seven Indian firms, including renewable energy player Premier Energies PEME.NS, depository services provider National Securities Depository NATS.BO, pharmaceutical company Emcure Pharma EMCU.NS and cement manufacturer JSW Cement JSWC.NS were added to the Small Cap Index.
MSCI adds two Indian firms to its global standard index in February rejig https://reut.rs/4tv4XTm
Major additions and deletions of Indian stocks in MSCI Small Cap index https://reut.rs/4tsVlbF
India's small-cap stocks underperform the benchmarks since the start of 2025 https://reut.rs/3O1i66D
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 9769003463;))
Grasim Industries Limited reported consolidated revenue of INR 44.31 billion for the third quarter (Q3FY26), reflecting a 25 percent increase year-on-year. Consolidated EBITDA for the quarter was INR 6.22 billion, up 33 percent, while adjusted profit after tax (PAT) reached INR 1.17 billion, up 42 percent for the period. For the first nine months of FY26 (9MFY26), consolidated revenue totaled INR 124.33 billion, rising 19 percent year-on-year. The company’s trailing twelve months (TTM) consolidated revenue stood at INR 168.60 billion, up 14 percent compared to FY25. In terms of business highlights, the cellulosic staple fibre segment saw specialty sales volume share reach 26 percent, driven by higher exports. The chemicals business reported a record caustic sales volume of 0.31 million tonnes, increasing 4 percent year-on-year. The cement division achieved a 29 percent rise in EBITDA, attributed to operational efficiencies and lower logistics, fuel, and power costs. Birla Opus reported market share gains, with quarter-on-quarter revenue growth nearly three times the industry growth rate. Birla Pivot’s annualised revenue run-rate crossed INR 8.50 billion. In financial services, the total lending portfolio grew 30 percent year-on-year to INR 190.39 billion. On the sustainability front, Birla Opus’s manufacturing units achieved Integrated Management System certification, and the share of recycled water to freshwater consumption increased to 50 percent. The share of renewable power capacity rose to 24 percent from 11 percent in FY25. Grasim Industries Limited stated it is well positioned to benefit from ongoing public capital expenditure and infrastructure expansion in India, supported by government initiatives and a strong balance sheet.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grasim Industries Limited published the original content used to generate this news brief on February 10, 2026, and is solely responsible for the information contained therein.
Grasim Industries Limited reported consolidated revenue of INR 44.31 billion for the third quarter (Q3FY26), reflecting a 25 percent increase year-on-year. Consolidated EBITDA for the quarter was INR 6.22 billion, up 33 percent, while adjusted profit after tax (PAT) reached INR 1.17 billion, up 42 percent for the period. For the first nine months of FY26 (9MFY26), consolidated revenue totaled INR 124.33 billion, rising 19 percent year-on-year. The company’s trailing twelve months (TTM) consolidated revenue stood at INR 168.60 billion, up 14 percent compared to FY25. In terms of business highlights, the cellulosic staple fibre segment saw specialty sales volume share reach 26 percent, driven by higher exports. The chemicals business reported a record caustic sales volume of 0.31 million tonnes, increasing 4 percent year-on-year. The cement division achieved a 29 percent rise in EBITDA, attributed to operational efficiencies and lower logistics, fuel, and power costs. Birla Opus reported market share gains, with quarter-on-quarter revenue growth nearly three times the industry growth rate. Birla Pivot’s annualised revenue run-rate crossed INR 8.50 billion. In financial services, the total lending portfolio grew 30 percent year-on-year to INR 190.39 billion. On the sustainability front, Birla Opus’s manufacturing units achieved Integrated Management System certification, and the share of recycled water to freshwater consumption increased to 50 percent. The share of renewable power capacity rose to 24 percent from 11 percent in FY25. Grasim Industries Limited stated it is well positioned to benefit from ongoing public capital expenditure and infrastructure expansion in India, supported by government initiatives and a strong balance sheet.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grasim Industries Limited published the original content used to generate this news brief on February 10, 2026, and is solely responsible for the information contained therein.
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- Shareholdings
What does Grasim Industries do?
Grasim Industriesis a leading global and Indian producer of Cellulosic Staple Fibre (CSF) and Cellulosic Fashion Yarn (CFY). As a key segment within the broader man-made textile fibre industry, Cellulosic Fibres represents Grasim’s commitment to innovation, sustainability, and excellence in the evolving world of textiles. y. In India, the company has constantly expanded the CSF market through indigenously developed second and third-generation fibres, known as Birla Modal and Birla Excel (Lyocell), respectively. The success of brand ‘LIVA’ can be attributed to its relentless focus on customer centricity over the years. Raysil, the fashion yarn, is Grasim's viscose filament yarn brand. It is a well-known brand renowned for its luxurious texture and sustainable origins, crafted from 100% natural wood pulp, offering a biodegradable and eco-friendly alternative to synthetic fibres.
Who are the competitors of Grasim Industries?
Grasim Industries major competitors are Ambuja Cements, Shree Cement, Ultratech Cement, JK Cement, Dalmia Bharat, ACC, The Ramco Cements. Market Cap of Grasim Industries is ₹2,11,797 Crs. While the median market cap of its peers are ₹41,356 Crs.
Is Grasim Industries financially stable compared to its competitors?
Grasim Industries seems to be less financially stable compared to its competitors. Altman Z score of Grasim Industries is 0.98 and is ranked 8 out of its 8 competitors.
Does Grasim Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Grasim Industries latest dividend payout ratio is 18.36% and 3yr average dividend payout ratio is 13.27%
How has Grasim Industries allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Grasim Industries balance sheet?
Grasim Industries balance sheet is weak and might have solvency issues
Is the profitablity of Grasim Industries improving?
The profit is oscillating. The profit of Grasim Industries is ₹10,111 Crs for TTM, ₹3,706 Crs for Mar 2025 and ₹5,624 Crs for Mar 2024.
Is the debt of Grasim Industries increasing or decreasing?
Yes, The net debt of Grasim Industries is increasing. Latest net debt of Grasim Industries is ₹2,18,760 Crs as of Mar-26. This is greater than Mar-25 when it was ₹1,68,007 Crs.
Is Grasim Industries stock expensive?
Yes, Grasim Industries is expensive. Latest PE of Grasim Industries is 42.27, while 3 year average PE is 34.23. Also latest EV/EBITDA of Grasim Industries is 11.81 while 3yr average is 10.6.
Has the share price of Grasim Industries grown faster than its competition?
Grasim Industries has given better returns compared to its competitors. Grasim Industries has grown at ~18.87% over the last 7yrs while peers have grown at a median rate of 7.13%
Is the promoter bullish about Grasim Industries?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 43.74% and last quarter promoter holding is 43.22%.
Are mutual funds buying/selling Grasim Industries?
The mutual fund holding of Grasim Industries is decreasing. The current mutual fund holding in Grasim Industries is 6.53% while previous quarter holding is 6.63%.