Grasim: VSF improves Grasim’s revenue

Grasim Industries

Grasim Industries saw an increase in their sales this last quarter in March 2010. Its performance in the VSF business boosted the company on the whole . Their net sales grew 16.9% and their profit margins increased by 28.2%. There sales was Rs. 3,437.3 Crore at the end of the quarter.

Grasim proposed to restructure their working in the cement business after Grasim owned Samruddhi Cement saw profits last quarter. Grasim sold in sponge unit in 209 May.

Birla Group to meet on October 6 to take decision on consolidation of its two entities

Mr. Kumar Mangalam Birla, the Chairman of the Aditya Birla Group, is set to declare a mega integration of the group's cement business, presently housed under two different entities — Grasim Industries and UltraTech Cement.