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Birla Corporation Ltd.

BSE: 500335 Sector: Industrials
NSE: BIRLACORPN ISIN Code: INE340A01012
BSE LIVE 15:43 | 08 Dec 650.60 -1.70
(-0.26%)
OPEN

653.00

HIGH

661.20

LOW

649.10

NSE LIVE 15:31 | 08 Dec 652.05 -4.40
(-0.67%)
OPEN

657.75

HIGH

662.50

LOW

643.10

OPEN 653.00
PREVIOUS CLOSE 652.30
VOLUME 1921
52-Week high 806.75
52-Week low 322.00
P/E 18.69
Mkt Cap.(Rs cr) 5010.27
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 653.00
CLOSE 652.30
VOLUME 1921
52-Week high 806.75
52-Week low 322.00
P/E 18.69
Mkt Cap.(Rs cr) 5010.27
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Birla Corporation Ltd. (BIRLACORPN) - Company History

Birla Corporation Limited (BCL) is the flagship Company of the M.P. Birla Group. Incorporated as Birla Jute Manufacturing Company Limited in the year 1919. The company has products ranging from cement to jute goods, PVC floor covering, as well as auto trims (jute felt-based car interiors manufactured with German technology). The Cement Division of Birla Corporation Limited has seven plants, having an installed capacity of 5.8 million tons. These plants manufacture varieties of cement, including Ordinary Portland Portland_Cement (OPC), 43 & 53 grades, fly ash-based Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and low- alkali Portland cement. Recently, the Company has started producing Sulphate Resistant Cement (SRC) and it has been well accepted in the market. The Jute Division of the company manufacturing more than 120 tonnes of a variety of jute products in Birla Jute Mill. The product range comprises of almost every major application of jute - the most versatile, eco-friendly, biodegradable fibre available, Jute- durable, natural and anti-static. The Auto Trim Division of the company has been outfitting major Indian cars with natural fibre-based interiors. Birla Corporation Limited's subsidiaries consist of Assam Jute Supply Company Limited, Talavadi Cements Limited and Lok Cements Limited. The Oxygen & Acetylene Gas Unit of the company was commissioned in August of the year 1964. The Company entered into an agreement with Indian Oxygen, Calcutta, for exclusive sale of its products on principal-to-principal basis in the same year. During the year 1969, BCL had entered into an agreement with Hindustan Steel Ltd for the purchase of blast furnace slag from the Durgapur Steel Plant to set up a slag-cement plant at Durgapur. Bally Jute Co. Limited's two units, such as Bally-1 and Bally-2 were amalgamated with the Company with effect from 1st April of the year 1982. With effect from 7th February of the year 1983, the name of the company was changed from the Birla Jute Manufacturing Company Limited to Birla Jute & Industries Limited. The captive thermal plant of 4.5 MW at Chittorgarh was commissioned in December of the year 1985. As a part of modernisation programme, modern jute spreaders were introduced in both Birla and Bally Mills during the period of 1988. An agreement was signed in 18th February of the year 1989 with the Soviet Collaborators, viz. Odessa Technical Fabrics Mill and V/o Novo export to transfer all assets and liabilities of Bally Jute Mills, with effect from 1st April or other date as agreed upon, to a new Joint Venture Company, Birla Odessa Industries Limited in consideration of offer of equity shares of paid-up equity share capital of the Joint Venture Company. A collaboration agreement was signed with EMPRWERKE of Germany in the same year 1989 for the manufacture of Automobile interior Door panels based on jute fibre. During the year 1991, Birla Vinoleum's new PVC floor covering plant was fully installed. The Company undertook to manufacture Cetaria ferro alloys in one of the furnaces of Birla Carbide. India Linoleums Ltd., a subsidiary of the Company was amalgamated with the company effective 1st April of the year 1991. The closure of the Company's Bally Jute Mills from 26th August of the year 1992, had also contributed to the low turnover and profits. The Company entered into a long-term agreement with a German linoleum manufacture for technical help in upgrading the products. During the year 1996, a joint venture company `Birla Redland Ready mix Ltd.' was incorporated with Redland PLC, UK to set up facilities for manufacture of ready mix cement concrete in India. Effective from 31st March of the year 1997, the name was again changed from Birla Jute & Industries Limited to Birla Corp Limited. In 1998, the company had sets up a fly ash-based cement-grinding unit at Rae Bareilly in Uttar Pradesh. The name was again changed from Birla Corp Limited to the present name Birla Corporation Limited in 27th October 1998. The company's unit, Birla Synthetics consider as Suspension of Work from 2nd November 1998. During the year 2001-02, the company had modernized/upgraded the plant at Cittor Cement Works at Chittorgarh. During the year 2002-03, the company had developed new product lines, Desktop and Bulletin Board. In 2003-04, the Satna unit of the company was awarded the first prize for Noise, Vibration & Aesthetic Beauty and also the first prize for maximum percentage reduction in electrical energy consumption per MT of clinker produced. During April of the year 2004 the company has decided to close its Birla Synthetics at Birlapur. The company has expanded its installed capacity of Auto Trim Parts by 36000 Pcs during the 2004-05 and with this expansion the total installed capacity of Auto Trim Parts has increased to 603000 Pcs. The company's unit, Birla Carbide & Gases was permanently closed from 31st January of the year 2005. The company's capacity enhancement project at Durgapur viz. Durga Hitech Cement, which was commenced its commercial production during the year 2005-06. BCL received the Amity Corporate Excellence Award during the same year 2006-07. Credit Analysis and Research Limited (CARE) assigned 'CARE AA' rating to the company for long term borrowing programme in the year 2006-07.

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