Cement News tagged under: Birla Corp
Birla Corp plans 3.9Mta plant in Maharashtra06 August 2018, Published under Cement NewsIndia'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 product27 February 2018, Published under Cement NewsBirla 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 plant10 August 2017, Published under Cement NewsBirla 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 investment02 August 2017, Published under Cement NewsBirla 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 ... |
Birla Corp reports strong 4QFY16-1712 June 2017, Published under Cement NewsCost efficiencies and good price realisations helped India-based Birla Corp post strong results in the final quarter of FY16-17. Revenue increased by six per cent YoY during the quarter driven by price realisation for the period which was up by 11 per cent YoY to INR4514 (US$70.1)/t. EBITDA was INR949m, down ~8 per cent yoy chiefly due to the cement division's lower-than-expected EBIT margin. The cost per tonne rose 14 per cent YoY of this, freight costs rose 12 per cent YoY, and power ... |
India: Birla sees 8% drop in 3Q income09 February 2017, Published under Cement NewsBirla Corp reported a saw its net profit fall from INR139.9m (US$2.09m) in 3QFY15-16 to INR20.9m in 3QFY16-17. The company attributed the decrease to higher borrowing costs on account of the company’s acquisition of Reliance Cement Co and the reduction of treasury income as internal accruals were used to fund the purchase. Total income shrunk by 8.07 per cent to INR8489m in October-December 2016 from INR9234.7m in 3QFY15-16. Cement dispatches were down 11 per cent at 1.747Mt YoY. "... |
India: Birla rebrands Reliance Perfect Cement01 February 2017, Published under Cement NewsSince acquiring Reliance Cement Co, Birla Corporation Ltd has rebranded the Reliance Perfect Cement brand as MP Birla Perfect Cement and launched it in the central Indian market. Kolkata-based MP Birla Group has also introduced MP Birla Perfect Cement onsite vans. These vans will be manned by experts who will provide technical information about cement and concrete and will also offer testing facilities at construction sites. Construction companies can call these vans to their project site... |
Birla 2Q16 net profit more than doubles24 November 2016, Published under Cement NewsBirla Corporation have reported a net profit of INR584m (US$8.49m) for the quarter ended 30 September 2016 compared to INR232m for the same period last year. Total income declined 4.3 per cent to INR8.86bn in the July-September quarter from INR9.27bn in the previous year. Total expenses also fell, registering at INR8.43bn versus INR8.99bn in the corresponding quarter last year. In the same period, Birla Corp completed its acquisition of Reliance Infrastructure’s Reliance Cement Company... |
India: Birla Group front runner to buy Bhillai stake06 October 2016, Published under Cement NewsOrient Cement, part of the Birla Group, has emerged as the front-runner to buy out Jaiprakash Associates’ 74 per cent stake in Bhillai Jaypee Cement, the Economic Times reports. Bhillai is run as a joint venture between Jaiprakash and SAIL, with the latter holding 26 per cent of the enterprise. A source told the Economic Times that the deal values Bhillai at INR15bn (US$225m). Bhillai Jaypee Cement has a capacity of 2.1Mta with a clinker unit at Satna and a grinding unit Bhillai. "T... |
Birla completes acquisition of Reliance Cement23 August 2016, Published under Cement NewsBirla Corporation announced that is has completed the acquisition of Reliance Infrastructure subsidiary, Reliance Cement. The deal was valued at about INR48bn (US$715.6m). Reliance Cement becomes a wholly-owned subsidiary of Birla, whose production capacity now reaches 15.4Mta, up from 9.8Mta, as a result of the deal. Reliance Cement operates a 5.08Mta integrated capacity at Maihar (Madhya Pradesh) and Kundanganj (Uttar Pradesh) as well as a 0.5Mta grinding unit at Butiburi (Maharashtra).... |