Birla Opus Paints, a division of Grasim Industries, unveiled its fourth plant at Chamarajnagar, Mysore.The Chamarajnagar plant, with a capacity of 230 MLPA, will produce Water based paints, Enamel paints and Wood Finish Paints. The Water based paints will use inhouse manufactured advanced Emulsions as key raw material through unique polymer synthesis process helping company offer innovative paint features like multi stain resistance, outstanding dirt resistance, crack bridge-ability and high scrub resistance leaving no furniture marks when consumer paints with Birla Opus luxury products. The Solvent based paints will use inhouse resins with exquisite designer molecules for high corrosion resistance, better durability, faster drying and superior gloss. The plant is fully sustainable with zero liquid discharge and equipped with 4th generation manufacturing technology to manage supply chain at lightning speed, with zero defects and end to end product traceability - a first of its kind feature.Birla Opus Paints had previously outlined plans to establish six strategically located manufacturing plants with a total capacity of 1,332 MLPA, at an upfront investment of Rs.10,000 crore. The paints business has already incurred a total capex of Rs. 8,470 crore (85% of the total project costs). Currently, four plants are operational, contributing 866 MLPA. Of the remaining two, the Mahad plant near Pune has entered trial production, while the Kharagpur plant near Kolkata is progressing as planned. Powered by Capital Market - Live News

Net profit of Grasim Industries declined 66.50% to Rs 389.90 crore in the quarter ended September 2024 as against Rs 1163.75 crore during the previous quarter ended September 2023. Sales rose 11.06% to Rs 33562.85 crore in the quarter ended September 2024 as against Rs 30220.68 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales33562.8530220.68 11 OPM %17.9320.01 - PBDT3546.884106.87 -14 PBT2051.082861.72 -28 NP389.901163.75 -66 Powered by Capital Market - Live News

Grasim Industries has allotted 30,440 equity shares under ESOS on 22 October 2024. Consequently, the paid up equity share capital has increased to 68,05,46,457 equity shares. Powered by Capital Market - Live News

Grasim Industries has repaid commercial paper of Rs 500 crore on 11 October 2024. Powered by Capital Market - Live News

Grasim Industries will hold a meeting of the Board of Directors of the Company on 14 November 2024.Powered by Capital Market - Live News