Grasim Industries Limited has informed the Exchange that the Board of Directors, at its meeting held today, i.e. 8th June 2026, has approved capex of Rs. 3,094 Crore to expand Lyocell, third-generation Cellulosic Staple Fibre (CSF), capacity at Harihar, Karnataka.
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Grasim Industries' Board has approved a capital expenditure of Rs. 3,094 Crore to expand its Lyocell (third-generation Cellulosic Staple Fibre) capacity at Harihar, Karnataka. Lyocell is a premium, sustainable, man-made fibre used in textiles and apparel. The investment signals Grasim's continued push into higher-value, eco-friendly fibre segments. The expansion is expected to strengthen the company's position in the domestic and global textile value chain. The capex was approved at a Board meeting held on 8th June 2026.
This is a growth-focused investment that could boost future revenue and earnings from the value-added fibre business, though near-term cash flows may be impacted by the large outflow. Shareholders should view it as a positive long-term capacity-building step in a high-demand sustainable fibre segment.