Page 2 - Aditya Birla Group

India Cements looks to fortify base but future growth remains a question

ICL's challenges come at a time when the cement industry in India is under pressure owing to a sharp rise in raw material prices leading to a lower capacity utilisation of around 64%

Suzlon secures 144.9 MW wind power order from Aditya Birla Group

Suzlon Group on Tuesday announced that it has bagged an order for the development of 144.9 MW of wind power projects for Aditya Birla Group. "Suzlon Group, which has India's largest wind energy installed base, today announced its new order win for the development of 144.9 MW wind power projects for the Aditya Birla Group, a leading Indian Conglomerate," a statement said. Suzlon will install 69 units of wind turbine generators (wind turbines) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located at sites in Gujarat and Madhya Pradesh and is expected to be commissioned in 2023. Vinod R Tanti, Chairman and Managing Director, Suzlon Group said, "It is a matter of pride to announce our order with Aditya Birla Group. The confidence of our customers in us as a wind energy expert is very important to us". Suzlon wind turbines typically range over 70-80 per cent on domestic content and are manufactured in the country through a thriving domest

UltraTech, JSW in race to acquire India Cements' project in Madhya Pradesh

India Cements had indicated in its FY22 annual report that it had acquired 184.53 hectares of limestone-bearing land at Pawai Tehsil in Panna District of Madhya Pradesh.

Australian companies delegation visiting India for better trade tie-ups

The delegation is visiting India as a part of Australia India Business Exchange (AIBX) programme. The delegation of companies will be led by the Australian Trade and Investment Commission (Austrade).

Foray into paints, B2B e-commerce are set to transform Grasim, says Birla

Both ventures complement existing businesses of Grasim; they cater to a large market, offer access to new customer pools, firm says

Grasim Industries Q1 profit up 13% to Rs 2,759 cr; revenue up 41%

The company had posted a net profit of Rs 2,447.97 crore for April-June 2021-22, Grasim Industries said in a regulatory filing.

Hindalco posts highest ever quarterly profit in Q1 at Rs 4,119 cr, up 48%

The company's net debt fell 19% from a year earlier to Rs 42,193 crore at the end of June, it said in the earnings presentation

India to be fastest-growing economy, engine of global growth: Birla

The economic activity in India has witnessed a sharp recovery to pre-pandemic levels on the back of a rapid and widespread rollout of the vaccination programme, Birla said

Hindalco, Aequs sign strategic pact in commercial aerospace sector

Aditya Birla Group's metals flagship Hindalco Industries and Aequs have entered into a strategic pact for long-term collaboration and joint business development in the commercial aerospace sector

ADIA eyeing minority stake in Aditya Birla's health insurance arm: Report

The discussions for ADIA taking a minority stake in Aditya Birla Health Insurance Co Ltd are ongoing and expected to gain pace in the coming weeks

Aditya Birla cos to invest Rs 77,000 cr to build capacity, enter new areas

Hindalco leads with Rs 54,000 crore investment as demand booms

Aditya Birla launches digital venture TMRW in fashion and lifestyle space

TMRW will create India's largest portfolio of disruptor brands in the fashion & lifestyle space and enable the next phase of direct-to-consumer growth in India

Grasim Industries Q4 net profit jumps 56% to Rs 4,070 cr; revenue rises 18%

The company had posted a net profit of Rs 2,616.64 crore during the January-March quarter of the previous fiscal, Grasim Industries said in a regulatory filing

Aditya Birla Fashion to sell minority stake to private equity firms

On Monday, the stock closed flat at Rs 273 a share, thus, giving a total market valuation of Rs 25,618 crore to the company

Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill

The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently

"Buyer beware": Wadia issues public notice against Century's realty project

Century doesn't own 30 acres of land in Worli, it claims to own, says Nusli Wadia in public notice

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