GRASIM INDUSTRIES LIMITED

Grasim is in touch with its soft side and its tough side. Once primarily a textile manufacturer, the company is also engaged in the production of cement and chemicals. Grasim makes 18 million meters of textiles a year in its Haryana and Madhya Pradesh plants in India; its synthetic suiting (sold under the Grasim and Graviera brand names) is sold in a network of more than 250 showrooms and wholesalers. The company also produces viscose staple fiber (VSF). Grasim is a major producer of cement; it operates about two dozen plants throughout India. A subsidiary of Aditya Birla, Grasim was established in 1948. It plans to merge with ABNL, after which ABNL's financial services operations will be spun off.

Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing; Basic Chemical Manufacturing; Fabric Mills; Fiber, Yarn, and Thread Mills; Paint, Coating, and Adhesive Manufacturing; Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing; Other Chemical Product and Preparation Manufacturing

Plastics Materials and Resins; Industrial Inorganic Chemicals; Broadwoven Fabric Mills, Manmade; Textile Goods, Nec; Paints and Allied Products; Agricultural Chemicals; Chemical Preparations, Nec

$15850M