Page 2 - Birla

Birla Corp plans to ramp up cement production to 25 mt by 2025-26 fiscal

MP Birla Group flagship company Birla Corporation has drawn up a strategy to augment its cement production capacity to 25 million tonnes by the 2025-26 fiscal from the existing 20 million tonnes, officials said on Tuesday. The cement maker is planning to meet its targeted production by increasing capacity utilisation at its Mukutban plant in Maharashtra, setting up the second clinker unit at Maihar in Madhya Pradesh and constructing new grinding units. "With the commissioning of Mukutban plant, we have virtually ring-fenced our core market of central India which we can service seamlessly from our six plants, namely Maihar, Satna, Kundangunj, Raebareli, Chanderia, and now, Mukutban. The strategic location of these plants and standardisation of product quality allow us to interchange source of supplies to maximise realisation and serviceability for our customers," Birla Corporation Chairman Harsh V Lodha told shareholders during the 103rd annual general meeting of the company ...

Birla Corp Q1 results: Consolidated net profit falls 3.6% to Rs 59.71 cr

Total income at Rs 2424.63 crore saw an increase of 9.3 per cent, as cement volumes grew by 12.2 per cent

Birla Estates buys 28.6-acre land in K'taka for project worth Rs 3,000 cr

Birla Estates on Monday said it has acquired 28.6-acre land in Bengaluru to develop a housing project with an estimated sales potential of Rs 3,000 crore. In a regulatory filing, Century Textiles and Industries Ltd said its arm Birla Estates Pvt Ltd has purchased the 28.6-acre prime land parcel in the fast-developing micro-market of Sarjapur Road, Bengaluru. The company, however, did not disclose the deal value. Birla Estates is the real estate arm of the Aditya Birla Group. "The proposed project is estimated to have a revenue potential of about Rs 3,000 crore," the filing said. The development will essentially comprise residential housing along with convenience retail options. KT Jithendran, MD and CEO, of Birla Estates said, "We believe that this region has immense potential to become the next IT hub, and our Grade-A residential complex will serve as a haven for modern professionals in the area". Birla Estates Pvt Ltd, a 100 per cent wholly-owned subsidiary of Century Textiles

Birla Group Holdings to raise funds through sale of commercial papers

The company will offer a yield of 7.85% for this issue for which it has received commitments worth around 2 billion rupees ($24.62 million) so far

Eye on maximum value, lenders say no to Reliance Capital liquidation

"Lenders will decide on the further course of action, including the stance for negotiations on Friday," the source said

Birla Corp to invest $1 bn over eight yrs, raise capacity to 30 mn tonnes

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

BITSAT result 2022 declared on August 9; Here's how to check your scorecard

The announcement for the BITSAT result 2022 was posted on the official website on Tuesday. Candidates who appeared for the exam can check their scorecard on the website- bitsadmission.com

Giving over 160 cr vaccine doses major achievement for India: Om Birla

He said India has done better than many other countries when it comes to handling the pandemic

Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

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

Tariffs still very low, pricing revival critical for telecom sector: Birla

Telecom tariffs are "still very low" and pricing revival is critical for the long-term growth of the sector, Vodafone Idea Chairman Kumar Mangalam Birla said on Wednesday. Addressing Vodafone Idea Ltd (VIL) shareholders at the company's Annual General Meeting, Birla said the telecom industry had witnessed the first round of tariff hikes by all operators in December 2019. "However, tariffs are still very low and therefore pricing revival is critical for the long-term growth of the sector," he said. The Average Revenue Per User (ARPUs) in the Indian market continue to remain the lowest in the world, while data consumption is among the highest globally. "The verdict on the long-pending industry issue of Adjusted Gross Revenue or AGR also added to the financial woes of telecom operators... Efforts from the Government of India to soften the financial burden by recommending payment through instalments has now been upheld by the Supreme Court," Birla said. In a stock exchange filing, ...

Birla Tyres board to meet later this week to consider raising Rs 1,100 cr

Birla Tyres on Tuesday said its board will meet later this week to consider raising up to Rs 1,100 crore. The company's board will meet on August 28 (Friday) to consider capital raising options for an amount aggregating up to Rs 1,100 crore by way of equity or debt instruments, including non-convertible debentures, among others, Birla Tyres said in a regulatory filing. Post approval from the board, the shareholder approval, if required, will be sought, it added. The Kolkata-based firm, which caters to two-wheelers, three-wheelers and commercial vehicles, however, did not share reasons for raising capital.

Vodafone Idea will shut shop if govt doesn't provide relief: KM Birla

Birla indicated that his group will not invest any money in the company in the absence of relief from the government

Indian corporates need to follow global standards of governance: K M Birla

Birla said there were various sectors in India which had the potential to grow into billion dollar business over a period of time

B K Birla, Karmayogi industrialist who lived a Gandhian life

Basant Kumar would make it to office by 8:45 a.m. every single day till his mid-90s, even when all he wanted was to focus on his hobbies, the Birla Academy and the Sangeet Kala Mandir

Birla Corporation to focus on brand building post Reliance Cement takeover

The company is in the process of restructuring its marketing team apart from rationalising the marketing budget