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VSF volumes up 24% at Grasim in Q3 FY'14
03 Feb '14
3 min read
VSF & Chemical Capex
The Epoxy project (51,500 TPA) at Vilayat was commissioned in December, 2013. The VSF project (120,000 TPA) at Vilayat is expected to go on stream in a phased manner from Q4.
Cement Capex
With the commissioning of the grinding unit (1.6 Mn. TPA) at Jharsuguda, Odisha in October 2013, UltraTech’s cement capacity stands augmented to 55.5 Mn. TPA. On commissioning of all the projects currently under implementation and the acquisition of Gujarat cement unit of Jaypee Cement Corp., total cement capacity will increase to 70 Mn. TPA.
Outlook
The current difficult market conditions have affected the performance of both the businesses. The performance of Cement business should improve with the expected recovery post general elections in India and of VSF business based on global rebalancing of excess capacity. The commissioning of major projects by the company will help improve volume and profitability.
GRASIM INDUSTRIES LIMITED
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