was incorporated on 25 August 1947, just
10 days after India became independent,
manufacturing textiles made from imported
raw materials. It is now a global leader
in viscose staple fibre (VSF), the country's
largest merchant producer of sponge iron
and the second-largest caustic soda maker
in India; and poised to be India's largest
of the cement business under UltraTech Cement
Grasim hives off its sponge iron business by way of slump sale
divests Shree Digvijay Cement Company
units at Bhiwani transferred to a subsidiary,
Grasim Bhiwani Textiles Limited.
Formed joint venture company, Birla
Jingwei Fibre Company Ltd. and acquired
VSF plant in China.
Acquired St. Anne Nackawic Pulp Mill,
Canada with Tembec Inc.
Completion of the implementation process
to de-merge the cement business of
L&T and completion of open offer
by Grasim, with the latter acquiring
controlling stake in the newly formed
Board reconstituted with Mr Kumar Mangalam
Birla taking over as Chairman.
board of engineering major, Larsen
& Toubro Ltd (L&T) decides
to de-merge its cement business into
a separate cement company, UltraTech
CemCo Ltd., now UltraTech Cement Ltd.
divests Gwalior textiles unit. Textile
operations consolidated at Bhiwani to
manufacture Grasim and Graviera brands.
of Dharani Cements Limited in Grasim
Consultancy and software services
spun off; becomes separate entity,
Birla Technologies Limited.
acquires 10 per cent stake in L&T.
Subsequently increases stake to 15.3
per cent by October 2002.
Atholville Pulp Mill at Canada
a joint venture with Tembec Inc.
Dharani Cement Limited.
Shree Digvijay Cement Company Limited.
cement business of Group company, Indian
Rayon and Industries Ltd transferred
magazine ranks Grasim among the fabulous 50
companies in Asia.
second for Best Corporate Governance Practices
in Asia-Pacific by IR Global Rankings. Also
ranked best company in Corporate Governance
Practices in Basic Materials Industry, globally.
as the Best Investor Relations Company
Building Materials in Asia by Institutional
CII - Leadership and Excellence Award in Safety,
Health and Environment presented to Staple
Fibre Division, Nagda.
Asian Corporate Social Responsibility Award
presented to Staple Fibre Division, Nagda.
2004 Stockholm Industry Water Award presented
to Staple Fibre Division, Nagda.
Deming Quality Award presented to Birla
IMC Ramkrishna Bajaj National Quality Award
presented to Birla Cellulosic, Kharach.
Peacock Environment Management Award presented
to the VSF unit at Harihar.
Cement Award for lowest injury incidence rate
presented to Grasim South, Reddipalayam.
Award for Quality Excellence in Indian Cement
Industry presented to Grasim Cement, Raipur.
Award for Electric Energy Excellence in Indian
Cement Industry presented to Vikram Cement,