To tap the strong demand growth of VSF (viscose staple fibre) and maintain its leadership position, Grasim, a part of Aditya Birla Group, will increase its total VSF capacity by 58 per cent to 788 KTPA. This is in addition to the existing plan at the cost of RS. 802 cr. The company has also committed a fresh capex of Rs. 3,523 cr for capacity expansion. The net revenue of Grasim increased 24 per cent y-o-y for the third quarter of fiscal 2018 on the back of higher volumes and better realisation. The company’s EBITDA was recorded at Rs. 462 cr, up 15 per cent y-o-y in the third quarter of 2018. The domestic VSF market demand remained buoyant with sales volume up by 9 per cent y-o-y.