New Delhi, August 21: The Aditya Birla Group’s building materials business is set for strong growth in the coming years, with cement and decorative paints expected to lead expansion efforts, according to Chairman Kumar Mangalam Birla. Speaking at the annual general meeting of Grasim, the group’s holding company, Birla highlighted the rapid pace of urban development and infrastructure projects in India, which are driving robust demand across the construction sector.
Grasim has invested Rs 50,000 crore in capital expenditure over the past five years, with 77% of that amount dedicated to growth initiatives. FY24 alone saw the group’s largest-ever capital expenditure of nearly Rs 20,000 crore. Cement and decorative paints are expected to be central to this expansion, with UltraTech Cement continuing its rapid growth. UltraTech recently announced the acquisition of Tamil Nadu-based India Cements Ltd. and plans to raise its total capacity to over 200 million tonnes per annum (MTPA) by FY27, making it the third-largest cement producer globally, excluding China.
Birla Opus, the group’s decorative paints business, has commenced production at three plants, with three more scheduled to become operational by FY25. The company projects it will achieve Rs 10,000 crore in revenue within three years of reaching full-scale operations.
Grasim’s B2B e-commerce platform, Birla Pivot, has also shown strong performance, generating Rs 1,000 crore in revenue during its first year. The platform, which focuses on building materials, is targeting USD 1 billion in revenue within the next three years, capitalizing on the rapid digitalization of the construction industry.
Sustainability is a key focus for the group, with Grasim actively working towards becoming a net-zero company by 2050. Environmental initiatives and carbon footprint reduction are integral to the group’s long-term strategy. In FY24, Grasim reported consolidated revenues of over USD 15 billion (Rs 1,30,978 crore).
Established in 1947, Grasim operates across sectors including Viscose Staple Fibre, textiles, chemicals, and insulators. Through its subsidiaries, UltraTech Cement, Aditya Birla Capital, and Aditya Birla Renewables, it is a dominant player in cement production, financial services, and clean energy solutions. The group’s continued focus on innovation, sustainability, and growth positions it strongly in the expanding Indian economy.
