| Market Cap | ₹2,11,982.35 CrLarge Cap |
|---|---|
| Net Profit Qtr Growth | 51.26%YoY Increase |
| P/E TTM | 37.23Sector PE: 32.4 |
| Promoter Holding | 45.2%Up 1.46% QoQ |
Key highlights
- Partnership signed between Grasim's Advanced Materials Division, ABRen, and Suzlon Energy Limited
- Agreement focuses on commercializing wind turbines with Recyclamine-powered recyclable blades
- Suzlon will act as the OEM to integrate the technology into its wind turbine manufacturing line
- Aditya Birla Renewables to deploy a pilot turbine at a project site for real-world validation
- The pact was formalized at the Bharat Renewable Energy Summit & Expo on November 4, 2026
Advancing Circularity in Wind Energy Technology
The collaboration marks a strategic move to address the environmental challenges of conventional wind turbine blades, which are typically made from thermoset composite materials that are difficult to recycle. By utilizing Grasim's Recyclamine epoxy technology, the partners aim to enable chemical recycling at the end of a blade's service life, allowing for the recovery and reuse of composite constituents in new applications. Under the MoU, Suzlon will integrate this technology as the original equipment manufacturer, while Aditya Birla Renewables (ABRen) will deploy the hardware at one of its selected project sites to demonstrate commercial and operational viability under real-world conditions.
Strategic Alignment and Subsidiary Contributions
- Aditya Birla Renewables currently manages over 4.4 GWp capacity across 60+ projects in India
- The project utilizes the Advanced Materials Division's focus on sustainable epoxy technologies
- Suzlon reported revenues exceeding USD 1.75 billion for FY26 with ~22+ GW installed capacity
- Suzlon aims to make all future turbines recyclable within the next three to four years
- ABRen previously secured ₹2,000 crore investment from Global Infrastructure Partners in Dec 2025
Benchmarking Resource Efficiency
This collaboration marks an important step toward building a truly circular wind energy ecosystem. By combining the Recyclamine® technology with Suzlon’s manufacturing expertise and ABRen’s renewable energy ambitions, we are demonstrating that sustainability and innovation can go hand in hand.
Grasim Financial Context and Growth Trajectory
Grasim Industries reported a strong financial performance for the quarter ended June 30, 2026, with operating revenue reaching ₹48,716.2 crore, a 21.4% increase year-on-year. The company's net profit for the same period rose by 51.3% to ₹2,145.91 crore. Operating profit margins improved to 22.89%, up from 15.2% recorded four quarters ago.
This growth is supported by Grasim's diversification strategy, which now includes the 'Birla Opus' paints brand and 'Birla Pivot' B2B marketplace, alongside its leadership in chemicals and cellulosic fibres. The company maintains a durability score of 60 and a momentum score of 50.23, reflecting a mid-range performance profile in the current market.
| Date | Announcement | Amount |
|---|---|---|
| 20 Aug 2026 | Incorporation of joint venture UHG Holdings IFSC Private Limited in GIFT City with UltraTech Cement and Hindalco IndustriesSource: scanx.trade | – |
| 18 Dec 2025 | Strategic partnership cooperation agreement between Birla Cellulose and Circulose to supply 100% recycled textile waste pulpSource: livabybirlacellulose.com | – |
| 09 Dec 2025 | Strategic partnership and equity investment agreement in subsidiary Aditya Birla Renewables Limited with Global Infrastructure PartnersSource: NSE filing | ₹2,000.00 Cr |
| 26 Nov 2025 | Share Subscription-Cum-Shareholders' Agreement and PPA to acquire a 29% equity stake in captive solar SPV GMR Kalinga Solar Power LimitedSource: solarquarter.com | ₹3.60 Cr |
| 24 Sep 2025 | Agreement to acquire a 26% equity stake in captive renewable power SPV Pro-Zeal Green Power Nineteen Private Limited with Prozeal Green EnergySource: grasim.com | – |
| 19 Sep 2025 | Agreement to acquire a 26% equity stake in captive renewable power SPV Pro-Zeal Green Power Eighteen Private Limited with Prozeal Green EnergySource: grasim.com | – |
What to watch next
- Board meeting to approve Q2 and H1 FY27 financial results on November 13, 2026
- Phase I commissioning of Lyocell capacity expansion at Harihar slated for mid-2027
- Deployment and initial performance data from the pilot recyclable wind turbine project
- Expansion of Aditya Birla Renewables capacity toward the 10 GWp management guidance
“The future of renewable energy lies not just in generating clean power, but in building truly circular solutions. At Suzlon, we are advancing this vision through our flagship S144 platform, which has one of the world's lowest carbon footprints among wind turbines.”
| Share price | ₹3115 |
|---|---|
| Market capitalisation | ₹2.12L Cr |
| Revenue (annual) | ₹1.75L Cr |
| Net profit (annual) | ₹4,966.48 Cr |
| Revenue (latest quarter) | ₹48,716.20 Cr-4.67% vs previous quarter |
| Net profit (latest quarter) | ₹2,145.91 Cr+9.61% vs previous quarter |
| P/E (TTM) | 37.23×Sector 32.4× |
| Promoter holding | 45.2%+1.46% QoQ |
| FII holding | 14.5%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Grasim Industries Limited announcing a Memorandum of Understanding with Suzlon Energy and Aditya Birla Renewables for recyclable wind turbine technology. Market figures from a third-party data provider.
