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Grasim Industries Limited, a
flagship company of the Aditya Birla Group, ranks among India's
largest private sector companies, with a turnover of Rs 4626.30
crore in 2002-03.
Starting as a textiles manufacturer
in 1948, Grasim's businesses today comprise viscose staple fibre
(VSF), cement, sponge iron, chemicals and textiles. The company
holds a dominant position in its businesses.
All of Grasim's units have earned
ISO 9002 and 14001 certifications. Product quality, innovation and
eco-friendliness are a hallmark of all the company's divisions.
Milestones
Grasim was incorporated on August
25, 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 cement manufacturer.
2003
- Grasim's Chemical Division receives the SA
8000 (Social Accountability) and OHSAS 18001 certifications.
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The board of engineering
major Larsen & Toubro Ltd (L&T) decides to demerge its
cement business into a separate cement company (CemCo). Grasim
will acquire an 8.5 per cent equity stake from L&T and then
make an open offer for 30 per cent of the equity of CemCo, to
acquire management control of the company.
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