Grasim's Canadian JV will idle 190,000 tonnes, affecting Grasim stock

Published on 10/15/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nackawic has 190,000 tonnes of annual capacity. Grasim stock stood at INR 2,902.20 on October 15, 2026, 14.92 percent below its high.

Canadian capacity and valuation

On September 18, 2026, Grasim said its Canadian joint venture would idle 190,000 tonnes of annual pulp capacity.
Motilal Oswal set an INR 3,800 target on September 11, 2026.
Grasim stock traded at INR 2,902.20 at 1:44 p.m. IST on NSE on October 15, 2026.

Grasim, INE047A01021, Illustration mit AI erstellt.

Grasim Industries (ISIN INE047A01021) said on September 18, 2026, that its Canadian joint venture would temporarily idle the Nackawic pulp facility, affecting 190,000 tonnes of annual dissolving-grade pulp capacity, according to Informist. Grasim owns 45 percent of the joint venture.

The Canadian mill is the peg

The Nackawic facility in New Brunswick is scheduled for temporary closure around the end of October because of difficult market conditions. The filing gives the mill 190,000 tonnes per year of capacity and places Grasim's investment in the joint venture at INR 1.87 billion, according to Informist.

The operational decision adds a specific pressure point to a diversified group whose latest reported quarter showed much stronger consolidated growth. Grasim reported Q1 FY27 revenue of INR 487.162 billion on August 12, 2026, up 21.43 percent from the year-earlier period, while consolidated net income reached INR 21.459 billion, according to Alfa Finder.

What does the mill pause mean?

The immediate effect is concentrated in pulp rather than across the whole group. Investors are weighing that capacity reduction against Grasim's Q1 FY27 revenue growth and the company's expansion into paints, renewable energy and building materials.

Three dates frame the story

On August 12, 2026, Grasim reported INR 487.162 billion of Q1 FY27 revenue. On September 11, 2026, Motilal Oswal retained its Buy rating and set an INR 3,800 target, as reported by Moneycontrol. On September 18, 2026, the Canadian pulp update became the latest event in this sequence.

October brings the next date

The Nackawic idling is scheduled for the end of October 2026. That date gives the market a concrete operational checkpoint, while Motilal Oswal's INR 3,800 target provides a separate valuation reference.

Stock valuation stays below the high

Grasim's NSE price was INR 2,902.20 at 1:44 p.m. IST on October 15, 2026. The quote stood 14.92 percent below the INR 3,411.10 52-week high, while market capitalization was INR 2.0 trillion as of October 15, 2026.