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Stock Report
Grasim Industries announce Positive Outlook for Future
Posted On : 2007-07-29 00:17:47( TIMEZONE : IST )
Grasim Industries Ltd has announced about the following Outlook for the coming quarters.
Going forward, the Company will fortify its leadership position in the VSF and Cement sectors. With improved cost optimization, higher productivity, prudent financial management and strong fundamentals, the growth is expected to continue.
The Board of Directors of the Company at its meeting held on July 28, 2007, inter alia, has, subject to the approval of shareholders and other requisite approvals, decided to sell / transfer the Company's textile units, namely, Bhiwani Textile Mills and Elegant Spinners at Bhiwani (Haryana), as a going concern, to a subsidiary of the Company.
