The company has suspended operations at the plant pending an internal investigation. Operations are expected to resume once cleared by the relevant regulatory authorities.
Grasim Industries stated that it does not anticipate any material impact on the financials of the company due to the said incident.
Grasim Industries, a flagship company of the Aditya Birla Group, is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple fibre and viscose filament yarn, the largest chlor-alkali, advanced material, linen yarn and fabrics producer in India. The company has recently entered the paints business and is setting up six plants across pan-India locations.
The company’s consolidated net profit to Rs 389.90 crore in Q2 FY25 as compared with Rs 1,163.75 crore posted in Q2 FY24. Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25.