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Grasim Industries gets green nod for Rs 2,560 cr expansion project

Grasim Industries has received permission for expanding production of manmade fibre VSF at Bharuch, Gujarat that would entail an investment of Rs 2,560 crore. Grasim will undertake the proposed expansion within the existing plant premise spread over 222.63 hectare area at Vilayat. The company has four VSF (Viscose Staple Fibre) plants in India, of which two are located in Gujarat, one each in Kharach and Vilayat in Bharuch district.

In a letter issued to the Grasim Industries, the Union environment ministry has stated that it has given the environment clearance to the company's proposal on expansion of Vilayat unit subject to compliance of certain conditions. The company's proposal is to increase the production capacity of VSF from 1,27,750 tonnes per annum (TPA) to Rs 2,55,500 TPA. It also wants to set up a production facility of Solvent Spun Cellulosic Fibre with a capacity of 36,500 TPA.

The project cost is estimated at Rs 2,560 crore and will create about 2,500 jobs, according to the letter. In its proposal, the Aditya Birla Group firm has mentioned the proposed expansion in VSF production capacity will cater the increased demand of manmade fibres in the country. VSF will have better growth due to perfect fit for the higher growing categories in apparel retail segments like women and kids wear.

 
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