Birla Opus Focuses on Organic Growth
Paint

Birla Opus Focuses on Organic Growth

Birla Opus, the paints division of the Aditya Birla Group, is not pursuing inorganic growth opportunities, as confirmed by its CEO Rakshit Hargave. This statement comes amidst speculation that Grasim Industries, which houses Birla Opus, was interested in acquiring Akzo Nobel India, a company with a 5% market share in the Indian paints sector. Akzo Nobel had announced in October its openness to a partnership or sale, leading to media reports naming Asian Paints and Grasim Industries as potential buyers.

During a post-earnings analyst call, Hargave clarified that no acquisition plans are currently underway, reiterating a statement previously made by Grasim’s CFO. Birla Opus has so far invested ?8,470 crore—about 85% of the planned capital expenditure—in its paints business, demonstrating a significant commitment to organic growth.

Market conditions for paint makers have been challenging, with weaker demand and competitive pricing affecting profitability across the sector. However, Hargave downplayed concerns, stating that the impact of competition on growth is somewhat exaggerated.

This focused strategy aligns with Birla Opus's long-term vision to strengthen its position in the paints market without pursuing acquisitions at this stage.

Birla Opus, the paints division of the Aditya Birla Group, is not pursuing inorganic growth opportunities, as confirmed by its CEO Rakshit Hargave. This statement comes amidst speculation that Grasim Industries, which houses Birla Opus, was interested in acquiring Akzo Nobel India, a company with a 5% market share in the Indian paints sector. Akzo Nobel had announced in October its openness to a partnership or sale, leading to media reports naming Asian Paints and Grasim Industries as potential buyers. During a post-earnings analyst call, Hargave clarified that no acquisition plans are currently underway, reiterating a statement previously made by Grasim’s CFO. Birla Opus has so far invested ?8,470 crore—about 85% of the planned capital expenditure—in its paints business, demonstrating a significant commitment to organic growth. Market conditions for paint makers have been challenging, with weaker demand and competitive pricing affecting profitability across the sector. However, Hargave downplayed concerns, stating that the impact of competition on growth is somewhat exaggerated. This focused strategy aligns with Birla Opus's long-term vision to strengthen its position in the paints market without pursuing acquisitions at this stage.

Next Story
Infrastructure Urban

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Next Story
Building Material

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Next Story
Infrastructure Energy

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Latest Updates

Products

Smart Hot Water

Products

Smart Heritage Lock

Products

Ultra-Efficient Motors

Products

Smart Solutions

Products

Next-Gen Seal

Products

Smart Kitchen Chimney

Products

Premium Coverage

Products

Noise Blocker

ECONOMY & POLICY

India’s Rs 370 Bn Petrochemical Expansion to Shift Asian..

Real Estate

Maharashtra Sets Up Authority to Boost Self-Redevelopment

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?