Cement News tagged under: Birla Corp

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Birla Corp acquires stake in AMP Solar Clean Power

21 November 2019, Published under Cement News

Birla Corp and RCCPL, its wholly-owned subsidiary, have acquired 26 per cent ownership (7.8 per cent and 18.2 per cent, respectively) of AMP Solar Clean Power. Birla Corp is planning to purchase solar power for its grinding units in Raebareli, Uttar Pradesh, (Raebareli Cement Works and Raebareli Hitech Cement) and RCCPL’s Kundanganj grinding facility. This will be achieved under the group’s captive scheme that stipulates at least a 26 per cent participation in the equity capital of the so...

Birla Corp sees 450% rise in net profit

06 November 2019, Published under Cement News

India's Birla Corp has seen a 450 per cent increase in net profit to INR880m (US$12.4m) in the 2QFY19-20, compared with INR160m in the corresponding period of the previous fiscal. Revenue advanced 10.9 per cent YoY to INR16.47bn, while EBITDA surged 61 per cent to INR3.32bn. The EBITDA margin climbed to 20.1 per cent from 13.9 per cent. The company has attributed the positive results to higher realisation from premium and blended cement sales, and cost rationalisation. Capacity utilisatio...

Birla Corp announces INR50bn expansion plans

14 August 2019, Published under Cement News

India’s Birla Corp has announced plans to increase its total cement capacity to 25Mta by 2025, with an investment of INR50bn (US$701.5m). The new capacity will be shared between the company’s existing facilities and those acquired from Reliance Cement. The first phase of expansion will see an investment of INR24.5bn in a new integrated plant at Mukutban, Nagpur, to boost overall capacity to 19.5Mta. A further INR2.5bn will be spent on a third line at its Lucknow facility taking it to 3.6M...

New order restricts limestone mining in Chittorgarh

13 March 2019, Published under Cement News

India’s Birla Corp has been restricted from mining limestone in Chittorgarh and near the Bassi Wildlife Sanctuary after a new order by the National Green Tribunal (NGT) on Monday. The NGT requested the Pollution Control Board and local authorities "to immediately stop all mining activities within the municipal limits of Chittorgarh city and within 10km of the Bassi Wildlife Sanctuary or within the eco-sensitive zone of Bassi Wildlife Sanctuary, if finally notified." A spokesman for the ce...

Birla Corp announces results and starts constructing new facility

07 February 2019, Published under Cement News

India’s Birla Corp Ltd reported a INR270m (US$3.76m) net profit for the third quarter ending 31 December 2018, up from a INR220m net loss of the previous year’s period. The growth was recorded despite an increase in the cost of petcoke and coal. Furthermore, the company’s net sales rose 12 per cent to INR15.57bn in the 3QFY8-19, compared to INR13.88bn of the year-ago period. The company also announced that its RCCPL subsidiary has begun construction of a 3.9Mta greenfield integrated ceme...

RCCPL announces grinding plant expansion

06 November 2018, Published under Cement News

India's Birla Corp has announced that it plans to carry out the second phase of expansion at the grinding plant of its RCCPL subsidiary in Kundanganj, Uttar Pradesh. The project includes the installation of a 1.2Mta third line, increasing total plant capacity to 3.2Mta. The plans are expected to be completed in the FY20-21 at an investment cost of INR2.5bn (US$34.23m).

Birla Corp plans 3.9Mta plant in Maharashtra

06 August 2018, Published under Cement News

India's Birla Corp Ltd has announced that its RCCPL subsidiary plans to set up a 3.9Mta facility in Mukutban, Maharashtra, at an investment cost of INR24.5bn (US$356.8m). The project includes a 40MW captive power plant and a 10.6MW heat recovery system. The plant has already received environmental clearance, and is expected to be financed through a mix of debt and internal accruals. The move will increase Birla group’s capacity to 19.5Mta in the 2021-22 period, compared to the current 15.5...

Birla Corp to increase availability of premium product

27 February 2018, Published under Cement News

Birla Corp is planning to roll-out its premium-brand product, Perfect, across all regions of India apart from the South. The cement is manufactured at Reliance Cement Company’s Maihar plant, which has a strategic logistical advantage, according to India Info Online.  Perfect contributed 16.6 per cent to the company’s consolidated turnover in the 3QFY18, which translates to INR2.3bn (US$35.5m). Birla aims to achieve 90 per cent capacity utilisation at the 3Mta Maihar plant, where it has al...

Birla Corp to seek board approval for Mukutban plant

10 August 2017, Published under Cement News

Birla Corp is due to put its proposal plans for a greenfield plant at Mukutban near Yavatmal district, India, before its board of directors for approval. "We are planning to invest around INR2400 crore [US$375m] for the 4Mta greenfield cement plant at Mukutban. We will now go to the board for approval," said Harsh V Lodha, chairman of Birla Corporation, in a press release following the company's AGM on Monday. The new plant would be funded through a mixture of debt and internal accruals, ...

Birla Corp considers Maharashtra plant investment

02 August 2017, Published under Cement News

Birla Corp is planning a 4Mta cement plant in Mukutban, in the state of Maharashtra, Chairman Harsh V Lodha told reporters on the sidelines of company’s Annual General Meeting. The cement producer has already acquired land for the project and the proposal will be put to the company’s board for approval. The investment will be financed by a combination of debt and internal accruals. The project is a revival of plans shelved by Reliance Infrastructure whose cement interests were acquired ...