iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Lubrizol to infuse $150 million in India in partnership with Grasim Industries

20 Jun 2023 , 01:45 PM

The Lubrizol Corp, a US-based specialty chemicals firm, will invest $150 million in India, its largest-ever investment in the country, as it bets on housing-led infrastructure, transportation, and home products, according to its chief executive officer and president Rebecca Liebert.

Lubrizol, a company owned by Berkshire Hathaway, has announced plans to enhance its additives business through strategic investments. As part of this initiative, Lubrizol will collaborate with Grasim Industries to set up a 100,000-metric tonne chlorinated polyvinyl chloride (CPVC) resin line at its facility in Vilayat.

Additionally, Lubrizol intends to expand its compounding capability at its Dahej plant, effectively doubling it.

Lubrizol entered the Indian market in 1996 by forming a partnership with Indian Oil Corporation to offer lubricants and fuel products. In 2001, the company introduced its chlorinated polyvinyl chloride (CPVC) product offerings to India.

In 2020, the company announced a collaboration with Grasim to build the world’s largest single-site capacity CPVC resin line. Its first phase was scheduled to go live in late 2022.

At around 1.39 PM, Grasim Industries was trading 0.35% lower at Rs 1,755.55 apiece, against the previous close of Rs 1,761.30 on NSE.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • Grasim Industries
  • Grasim Industries News
  • Grasim Industries Updates
  • Lubrizol
  • Lubrizol India
  • Lubrizol Investment
  • Lubrizol News
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.