Birla Corporation jumped 5.56% to Rs 1172.75 after the Mukutban integrated cement plant of RCCPL (RCCPL), a wholly-owned subsidiary of the company, started clinker dispatch.
The plant has a clinker capacity of 2.68 million tons and cement grinding capacity of 3.9 million tons annually. The captive thermal power plant has a generation capacity of 40 mw.
The clinker is being dispatched to the company's nearest grinding unit at Butibori. Maharashtra. The cement plant at Mukutban, near Nagpur, has taken into consideration energy efficient equipment, right from the limestone crusher up to grinding and packaging.
The Rs 2,744-crore Mukutban integrated cement plant is an important milestone in the annals of Birla Corporation (MP Birla Group) and is the largest greenfield investment by the company in the history of the Group, taking its cement business to almost 20 million tons annually.
Birla Corporation, the flagship Company of the MP Birla Group, has interests in cement and jute.
The company reported a 59.3% decline in consolidated net profit to Rs 60.45 crore on a 1.5% fall in net sales to Rs 1,750.66 crore posted in Q3 FY22 over Q3 FY21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app