Board of Grasim Industries approves foray into B2B e-commerce for building materials

21 Jul 2022 , 01:31 AM

The Board of Grasim Industries at its meeting held on 19 July 2022 has approved the plan to undertake trading and marketing of all types of Building Materials primarily through a B2B e-commerce platform The key value proposition would be an integrated procurement solution including on-time delivery and superior product range at competitive pricing The Company believes that B2B e-commerce offers opportunity for high growth at attractive long-term returns and will be highly value accretive to all stakeholders The Board of Directors has approved investment of ~Rs 2000 crore over the next 5 years