Grasim Industries to Invest ₹3,094 Crore in Expansion of Harihar Lyocell Plant
Gra sim approves Rs 3,000 cr expansion of Harihar Lyocell Plant
Image: The Economic Times
Grasim Industries has approved a ₹3,094 crore investment for the second phase of its Lyocell plant in Harihar, Karnataka. This expansion will increase production capacity by 110,000 tonnes annually, enhancing Grasim's position in the sustainable textile market.
- 01Grasim's second phase expansion will cost ₹3,094 crore.
- 02The first phase of the plant will produce 55,000 tonnes annually, set to be operational by mid-2027.
- 03The second phase will add 110,000 tonnes capacity, with commissioning in 2028 and 2030.
- 04Completion of both phases will boost Grasim's total Lyocell capacity to 210,000 tonnes per annum.
- 05Lyocell is a sustainable fibre used in various textile applications, reinforcing Grasim's leadership in this sector.
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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.
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The expansion will create jobs and boost local economies in Karnataka, contributing to the textile industry.
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