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Aditya Birla
UltraTech Cement on Saturday said it has received a GST demand notice for a total payment of Rs 782.2 crore, which it plans to contest before the appropriate forum. "The Company is reviewing the Order, considering all legal options, and accordingly would be contesting the demand," UltraTech Cement said in a regulatory filing. The order has been passed in various matters on account of "alleged short payment of GST, improper utilisation of Input Tax Credit, etc" during the period 2018-19 to 2022-23, the company said. The order is passed "without due consideration of the Company's submissions." The order passed against it is "upholding tax liability of Rs 3,90,95,58,194/- plus applicable interest on tax demand; additional interest Rs 27,68,289/- and penalty of Rs 3,90,95,58,194/", the filing said. The Aditya Birla flagship firm has received the order passed by the Joint Commissioner, Central Goods and Services Tax & Central Excise, Patna, on Friday. UltraTech is the country's leadin
Inox Wind on Monday said it has secured a 102.3 MW supply order from ABREL EPC Ltd, a subsidiary of Aditya Birla Renewables (ABReL). Inox Wind secured the order for the supply of its 3.3 MW turbines for the projects being developed by ABREL EPC Ltd in Karnataka, the leading wind energy solutions provider said in a statement "ABReL has large-scale plans to set up and deliver long-term clean energy solutions to its customers, and we are pleased to be part of ABREL's mission to drive India's energy transition and achieve its decarbonisation and sustainability targets. We continue to make rapid progress on developing relationships with new customers and fortifying the existing ones," Sanjeev Agarwal, CEO, Inox Wind, said. Inox Wind Ltd is a leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. It is part of the multi-billion-dollar INOXGFL Group, which is primarily focused on two business verticals: chemicals and renewable energy. IWL has five ..
The newly-listed Aditya Birla Lifestyle Brands (ABLBL) on Monday said it will invest Rs 300 crore every year with an aim to double its revenue in the next five years. The Aditya Birla Group company, which was demerged from Aditya Birla Fashion and Retail, will invest around Rs 300 crore per year, its managing director Ashish Dikshit told reporters here. Group chairman Kumar Mangalam Birla said, "India stands at the cusp of a transformative growth phase, with consumption poised to be a primary driver." ABLBL had a revenue of Rs 7,830 crore in FY25, an operating profit margin of 15 per cent and a net profit of Rs 60 crore. Kumar Mangalam Birla said the company aspires to build India's first portfolio of billion-dollar brands in the fashion and lifestyle segment. It sells brands like Peter England, Allen Solly, Van Heusen and Louis Philippe. Dikshit said two of the company's brands clock sales of over Rs 2,000 crore per year, while two others are above Rs 1,000 crore per year. "Over
The fundraise by Vodafone Idea enabled the telco to kick-start its capex cycle again, and that alongside other key initiatives will place it on a "more secure footing" to ensure that the company remains dynamic and competitive, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday. Speaking at the inauguration of IMC and ITUWTSA 2024, Birla exuded confidence that with continued support of the government, Vodafone Idea Ltd (VIL) will do its part in realising India's digital destiny. "With the continued support of the government, I am confident that we will do our part to realise the Prime Minister's digital India destiny. I am a firm believer in the transformative power of India's telecom sector and I see it as a bridge to a more connected, empowered and prosperous India," he said. VIL's fundraise has enabled the company to kick-start its capex cycle, he noted. "Vodafone Idea has already announced the next phase of CapEx worth USD 3.6 billion with three global partners, .