Grasim Industries, Sudarshan Chemical Industries, Electrosteel Castings

GRASIM INDUSTRIES Strategic Acquisition Grasim Industries, the flagship company of the Aditya Birla group, is engaged in the businesses of viscose staple fibre (VSF), cement, sponge iron, textiles and chemicals, with around 80 per cent of its revenues being contributed by the first two segments. During 2002-03, 46 per cent of total revenues were generated from its cement business, while 35 per cent revenues were contributed by VSF. However, almost half of its profits are accounted for by its VSF business. With total income of Rs 4,684 crore in 2002-03 up from Rs 4,358 crore in 2001-02, net profits increased to Rs 368 crore from Rs 303 crore. Performance has been marked by a drive towards proactive business and financial restructuring, making itself much leaner and stronger.