Grasim stock trades flat after safety incident at subsidiary plant

The company reported temporary closure of a carbon di-sulphide refining section in its subsidiary Century Rayon’s Shahad plant in compliance with a government order. This comes in the aftermath of a third-party tanker’s explosion in the plant’s premises on September 23rd that caused the death of two persons.

Moneycontrol News

September 25, 2023 / 11:01 IST

Grasim Industries and its subsidiaries are engaged in the business of manufacturing a wide range of products including textiles, chemicals, cement, and metals.

26 Aug, 2025 12:21

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Grasim Industries shares were trading marginally up in the morning trade on September 25th after the company reported the temporary closure of a carbon di-sulphide refining section in its subsidiary Century Rayon’s Shahad plant in compliance with a government order.

This comes in the aftermath of a third-party tanker’s explosion in the plant’s premises on September 23rd that caused the death of two persons. Subsequently, the company was served an order from the Department of Industrial Safety and Health’s Kalyan office.

“The management has initiated the necessary steps to comply with the conditions stipulated in the said order. Further this is not likely to have a material impact on the company’s profitability,” the Aditya Birla Group company said in a regulatory filing.

At 10.30 am on the NSE, the Grasim Industries stock which had opened in red was quoting at Rs 1,924.55 apiece, up Rs 12.60, or 0.66 percent.

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