Grasim Industries has announced a significant investment of ₹3,094 crore for the second phase of its Lyocell plant located in Harihar, Karnataka. This expansion is part of a strategic move to enhance its advanced fibre capabilities in response to the increasing global demand for sustainable textile materials. The first phase of the plant, which is currently under construction, is expected to produce 55,000 tonnes of Lyocell annually and is slated for commissioning by mid-2027. The second phase will introduce two production lines, with the first line set to commence operations in 2028 and the second in 2030, adding an additional 110,000 tonnes of capacity. Once both phases are completed, Grasim's total capacity for Lyocell will exceed 1 million tonnes per annum, solidifying its status as a global leader in the production of sustainable man-made Cellulosic Fibres. Lyocell, a semi-synthetic fibre, is utilized in various applications including apparel, home textiles, and technical textiles. Grasim also produces Lyocell at its facility in Gujarat, contributing to its expansive production capabilities.