Km Birla

Hindalco expansion plan entails $10 billion investment, says KM Birla

Exploring copper smelter expansion in Gujarat

UltraTech to cross 200 mn tonne per annum capacity by FY27: K M Birla

Leading cement maker UltraTech is expected to cross 200 million tonne per annum capacity by FY27 helped by recent acquisitions and expansion projects, Chairman Kumar Mangalam Birla said on Wednesday. The Aditya Birla Group flagship firm has embarked on a capacity expansion drive "on a scale that is globally unprecedented" in the cement sector, he said while addressing the shareholders in the annual general meeting of the company. UltraTech last month announced acquisition of Tamil Nadu-based India Cements Ltd (ICL). Its Rs 3,142 crore open offer for acquiring 26 per cent stake will tentatively open on September 19. It has already announced the acquisition of a 32.72 per cent stake in ICL from promoters and their associates for Rs 3,954 crore. Besides, UltraTech is acquiring Kesoram Cement Business from Kesoram Industries, for which it received approval from fair trade regulator CCI in March. UltraTech is also increasing the capacity of its existing units as it faces competition fr

Birla targets top 3 spot in mutual fund, lending, and life insurance

Aims to add 30 mn users in 3 years on the back of new financial services platform

UltraTech Cement to invest Rs 32,400 crore in the next three years

Commissions two greenfield plants adding 5.4 mtpa in Chhattisgarh and Tamil Nadu

UltraTech to buy Kesoram Industries' cement business in all-stock deal

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

Equity fundraise through rights issue spurts in 2023, shows data

Some of the large offerings this year have been PNB Housing Finance's Rs 2,500-crore rights issue in April followed by Capri Global Capital (Rs 1,440 crore), and Piramal Pharma (Rs 1,050 crore)

Kumar Mangalam Birla received AIMA's 'Business Leader of the Decade' award

Birla said, last ten years had been a period of epochal change for India and the leaders of industry have had a chance to participate in that change and shape the future of the country

Sudha Murty, Mulayam Singh, Zakir Hussain win Padma Awards: Full list here

This year, President Murmu has approved 106 Padma Awards, seven of which go to posthumous recipients

India's cement sector to add 80-100 mt capacity by FY25: K M Birla

Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China

Kumar Mangalam Birla steps down from Vodafone Idea board after stake offer

Birla Group Chief Financial Officer Sushil Agarwal has been named additional director on the Vi board

Birla tells govt he is willing to give up promoter stake in Vodafone Idea

Analysts say that VIL losses could potentially swamp the group finances making Birla wary of making additional investments in the company

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

B K Birla, patriarch of cotton to chemicals conglomerate, dies at 98

Birla was the chairman of Century Textiles and Industries, and had been active in business since the age of 15

Huge debt in corporate balance sheets reason for stunted job growth: Birla

The chairman of the Aditya Birla group, however, sounded very optimistic about the economic growth prospects in the country