According to the technical analyst from Anand Rathi, IEX can be bought for a target of Rs 156, while Birla Corp can rally to Rs 1,020.
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Current consolidated capacity is about 20 mn tonnes; mix of greenfield and brownfield projects, de-bottlenecking existing operations to help add another 10 mn tonnes
MP Birla Group firm Birla Corporation plans to increase its cement production capacity by 50 per cent to 30 million tonnes per annum by 2030, the company said in its latest annual report. The company, which has commissioned a greenfield unit at Mukutban, Maharashtra with an investment of Rs 2,744 crore, has plans to set up some new units and expand the production capacity of the existing units. "Birla Corporation Ltd is committed to increasing its annual cement production capacity to approximately 30 million tonnes (MT) by 2030. Our current production capacity stands at 20 million tonnes," it said. This ambitious expansion plan promises a buoyant outlook by ensuring improved profitability and cash flow and efficiency, said Birla Corporation. Birla Corporation and its subsidiary RCCPL Private Limited (formerly Reliance Cement Company Private Limited) currently operate 11 cement plants. Besides, it also operates a jute mill. As part of the expansion, Birla Corporation has inaugurat
These companies that operated under the constraints of British rule before 1947 helped India become self-sufficient in various sectors after independence
The management remained cautious over profitability of cement companies in the near future as it does not anticipate any relief in cost pressure.
Company says it has 'healthy growth in sales by volume in almost every segment and market'.
Revenues for the quarter dipped from Rs 1,823 crore to Rs 1,757 crore as sales volume dropped by 5.6%
The plant is being set up by RCCPL Pvt Ltd, a wholly-owned subsidiary of Birla Corp, at an investment of Rs 2,744 crore
Vinay Rajani of HDFC Securities recommends that traders hold on to their long positions with 17,640 stoploss for the Nifty.
Lower demand in core markets, surge in expenses cited as reasons for muted show
Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike
The Calcutta High Court, on Friday, stayed a criminal petition against "directors or erstwhile directors" on the board of three M P Birla group companies
The APL (Administrators Pendente Lite) committee-backed nominee failed to muster the required votes to make it to the board of Birla Corporation Ltd
Kolkata-based M P Birla Group on Friday said shareholders of its flagship firm Birla Corporation Ltd have approved resolutions supported by the management with overwhelming majority at its AGM
The increase is a new target set by the company, which had earlier said it would raise production to 25 mt by 2025
The AGM of MP Birla group's flagship, Birla Corporation will be held on September 29
Punjab Produce Trading Co (PPTCL), a promoter entity, has proposed Satish Pradhan's name as a director in place of Harsh Vardhan Lodha, who is also in race in Birla Cable board
It took an average of 84 days to clear a project in 2021, compared with 162 days the year before, according to data shared by the ministry
200 firms of the BSE 500 universe are tracked by more brokerages than a year ago