SECTOR
Grasim Industries gets nod to acquire 26% stake in special purpose vehicle
May-20-2026

Grasim Industries has received approval for the acquisition of 26% of equity stake in Ampin C&I Power Thirty, a Special Purpose Vehicle (SPV) formed for supply of renewable (hybrid) energy at Harihar, Karnataka, under the Group Captive Scheme. Objects of acquisition are to meet the green energy needs; optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws. 

Cost of acquisition is upto Rs 30.60 crore. The said acquisition is expected to be completed within 180 days from the execution of, inter alia, Energy Supply Agreement, Share subscription and Shareholders Agreement(s). The Board of Directors of the company at its meeting held on May 20, 2026, inter-alia, has approved the same. 

Grasim Industries is a flagship company of Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.


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