Aditya Birla Group’s flagship Grasim Industries on Wednesday announced that it has commenced the commercial production resin manufacturing block at its Birla Opus Paints plant in Mahad, Maharashtra.
In a regulatory filing, the company said, “We wish to further inform that the commercial production of Resin manufacturing block with an installed capacity of 22 million litres per annum has now started with effect from 24th June 2025 at Mahad Plant which shall help to meet Resin requirement for manufacturing of paints in-house.”
Resin manufacturing blocks play a vital role in paint formulations, serving as binders that ensure adhesion, enhance durability, and aid in film formation.
Earlier in March 2025, the company commenced commercial production at its Mahad facility, which has an installed capacity of 180 million litres per annum (MLPA) for water-based paints, 20 MLPA for distemper, and 30 MLPA for solvent-based paints.
Shares of Grasim were up 1.05 per cent at 2:00 pm today at a trading price of Rs 2,809.30.
Q4 Results
In May, the company had released its fiscal fourth quarter earnings report with a net loss of Rs 288 crore at the standalone level, narrowing from a loss of Rs 441 crore in the same quarter last year. The company’s revenue went up by 31.9 per cent year-on-year. However, profitability remained under pressure.
Despite the muted earnings, the company’s board had recommended a dividend of Rs 10 per share.