Birla Corporation Ltd, the flagship company of the M P Birla group, has recorded a profit after tax of Rs 152.05 crore in the quarter ended September 30, against Rs 59.70 crore in the same period of 2008, an increase of 157.5 per cent, on the back of improved realisation from the cement division and higher sales, coupled with softening of fuel prices.
At today’s board meeting, Harsh V Lodha was appointed chairman of Birla Corporation unanimously, following the dismissal of a petition by the Company Law Board earlier this week which challenged this step.
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