Page 8 - Aditya Birla Group

UltraTech invests $101.1 mn in UAE-based RAKWCT, acquires 29.39% share

The shares have been acquired at a cost of USD 101.10 million, it said. This together with the existing shareholding, will result in UCMEIL holding 29.79 per cent of RAKWCT's equity share capital

Vodafone plans to infuse up to Rs 3,375 cr into debt-ridden Vodafone Idea

Besides Vodafone, Aditya Birla Group plans to pump in up to Rs 1,125 crore, according to a regulatory filing on Friday

Vi promoters take call to invest; telco proposes Rs 14,500-cr fundraise

Vodafone Group and the Birlas hold 44.3 per cent and 27.7 per cent stake respectively in Vi

Vodafone Idea's board to meet on March 3 to discuss fundraising

British telecom operator Vodafone Plc in a statement earlier stated that it will participate in VIL's fundraising process along with the Aditya Birla group

UAE digital bank Zand wins backing of Franklin Templeton, Aditya Birla

The roster of investors also include Abu Dhabi's Al Hail Holding, Al Sayyah & Sons Investments, Global Development Group, Yusuff Ali of Lulu Group, and Zand co-founder Olivier Crespin

Grasim becomes net debt-free on standalone basis after fertiliser arm sale

In Dec quarter results, the company said its consolidated revenue was up 16% at Rs 24,402 crore while profit after tax was Rs 1,746 crore, up 26% YoY

Grasim Industries' net profit jumps 23% to Rs 2,655 cr in Dec quarter

The company had posted a net profit of Rs 2,157.12 crore during the October- December quarter of the previous financial year, Grasim Industries said in a regulatory filing

Hindalco Q3 results: Consolidated PAT nearly doubles to Rs 3,675 cr

Consolidated revenue from operations rose 44% to Rs 50,272 cr

TiE names Kumar Mangalam Birla as Global Entrepreneur of the year

The Aditya Birla Group Chairman is the first Indian industrialist to get the award. He won it for his leadership of the conglomerate during the Covid-19 pandemic

Ease of doing biz, bank sector support will boost telecom industry: Birla

Aditya Birla Group holds over 27 per cent stake in VIL, while Vodafone Plc has more than 44 per cent in the telecom operator

Grasim Q2 net up 41% to Rs 1,359 cr, revenue up 26% to Rs 22,564 cr

Birla co buys land in 5 locations for paint business

Aditya Birla group to set up paint unit in Bengal, invest Rs 1,000 crore

The Aditya Birla Group has said it will set up a paint unit in West Bengal at an investment of around Rs 1,000 crore, and it will be comissioned in the next 18-24 months. In a recent letter to Chief Minister Mamata Banerjee, the conglomerate had expressed interest to establish a paint manufacturing unit in the state, following which three representatives of the group met Chief Secretary H K Dwivedi on Thursday afternoon, officials said. The group has requested for allotment of land for a decorative paint unit with backward integration on 80 acres of land at Vidyasagar Park in Kharagpur, they said. The paint unit itself would provide employment for 600 people and indirect employment for over 1500 people would be created, a state government official said. Reacting to the development, West Bengal Industry Minister Partha Chatterjee said it is a good sign that the process of industrialisation is gaining pace in the state under the leadership of Mamata Banerjee. The investment promotio

Grasim Industries slapped with Rs 8,334-crore income tax demand

The Aditya Birla Group company said it would take "appropriate action" against the order

Grasim Industries to invest Rs 2,600 crore in capex in FY22

Company to invest Rs 5,000 cr in paint business over three years

Birla Carbon targets to be net zero on carbon emission by 2050

Birla Carbon, an Aditya Birla Group company, on Thursday announced its intent to reduce net carbon emissions to zero by 2050 as part of its efforts to drive sustainability

Aditya Birla Capital reports highest ever quarterly net profit at Rs 302 cr

The company had posted a net profit of Rs 198 crore in the year-ago period.

UltraTech Cement accounts for 77% of Aditya Birla Group's profit in FY21

Overall, the combined net profit of the group's listed companies was Rs 7,115 crore in FY21

Hindalco Industries plans to invest Rs 8,000-10,000 crore in three plants

Aditya Birla group firm Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters

KM Birla won't buy firms with global supply chains, cites protectionism

Aditya Birla Group is spread across 36 countries; its chief has acquired more than 40 companies in the last 25 years.