Grasim Industries, an entity of the Aditya Birla Group, obtained approval from the board of directors for acquiring a twenty-six equity stake in Clean Max Decimus, an entity designated for the production and distribution of renewable energy.
The strategic move aims to fulfill the company’s green energy requirements, streamline energy expenses, and adhere to regulatory mandates concerning captive power usage as per electricity regulations.
The acquisition was sanctioned at a cost of ₹94.50 lakh. As reported by Shares Bazaar, Grasim Industries operates across various sectors including viscose staple fibre, cement, chemicals, and textiles. Its primary revenue streams and operational profits are predominantly derived from its core ventures in viscose staple fibre (VSF) and cement, which collectively account for over ninety percent of its earnings.
