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
He mentioned that Covid-19 struck India at a time when the underlying economic conditions were subdued on account of heightened global uncertainty
Birla informed shareholders that cement demand for most of FY2020 was sluggish, with improvement expected December onwards
While the two refused to comment on discussions they had with Sitharaman, Mittal said the telecom sector has been under stress for the last three-and-a-half years
Birla believes that Greta Thunberg could well be the conscience of Gen Z
The comment comes within weeks of Vodafone Global CEO Nick Read making a similar point
Market price of Rs 5.5 a share gives opportunity to Birla Group to mop up shares from the stock markets.
Birla, 52, had received an annual salary of Rs 19.13 crore in FY 2017-18
Bharatmala, new airports and metros, along with affordable housing and smart cities will stoke growth in the medium-term, says Birla