The company will spend $7.2 billion to expand its primary aluminium capacity in India after keeping it steady at 1.3 million tonne over the past few years, as it expects prices to remain elevated amid supply constraints and strong demand.

Taking on well-established players like Asian Paints and Nerolac, the Aditya Birla Group's Grasim will foray into the paints business with an initial investment of Rs. 5,000 crore over the next three years. Kumar Mangalam Birla, chairman of the group, said paints is a strategic portfolio choice for Grasim.