Birla Corporation

On a comparable basis, Birla Corporation said, consolidated revenue was up by 9 per cent year-on-year (YoY).

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

M P Birla group flagship company Birla Corporation Ltd (BCL) posted a loss of Rs 56 crore in the second quarter of the current fiscal against a net profit of Rs 86 crore in the same period previous financial year. Revenue of the company increased 19.3 per cent at Rs 2042 crore during the second quarter as compared to Rs 1711 crore in the previous similar period, a statement by the primarily cement manufacturing firm said on Tuesday. The company said that the profitability of BCL during the second quarter was impaired by rising power and fuel costs which could not be passed on to the consumers. EBITDA, a measure of underlying profitability, of the company in the current second quarter declined 51.6 per cent to Rs 136 crore from Rs 281 crore in the similar previous period of 2021-22. BCL said that the newly-commissioned Mukutban plant in Maharashtra is yet to stabilise operations and also had a negative impact on profitability. Sales of the company increased 11.4 per cent at 3.64 ..

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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

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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