India: Birla sees Q4 profit rise to US$17m
Birla Corporation has released its earnings figures for the three months to 31 March 2016, during which time the firm achieved a profit of INR1.16bn (US$17.4m), up fourfold on a...
Birla Corp
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Reliance Infrastructure to sell cement arm to Birla Corp
Reliance Infrastructure (RInfra) has signed a share purchase agreement with Birla Corp to sell 100 per cent in Reliance Cement Company (RCCPL). The deal values cement business o...
LafargeHolcim considering revised divestment plan in India
LafargeHolcim confirmed today that it is considering a divestment of its interest in Lafarge India with a cement capacity of around 11Mta. The divestment would require the appro...
Birla Corp Ltd awaiting mining clearance ahead of joint venture project
Birla Corporation Ltd (BCL) said on Thursday said it is awaiting mining clearances from the Assam Mineral Development Corp (AMDC) to set up a joint venture in the state. The cem...
India: local tax on coal mines to hit cement firms
India's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a ne...
Birla selects Gebr Pfeiffer mill for Satna cement works
India-based Birla Corporation Ltd has placed another order with Gebr Pfeiffer for an MPS 2800 BK for its cement plant in Satna. Featuring an installed drive power of 800kW, the ...
Power supplies restored at Birla's Durgapur unit
Birla Corporation has resumed cement production at its Durgapur Cement plant as power has been restored after the severe Cyclone Phailin that hit eastern areas of the country ea...
Birla Corp to raise capacity to over 13Mta, India
India's Birla Corporation plans to expand its cement capacity over the next three years involving an investment of INR25bn to raise capacity from 9.3Mta to 13.8Mta.
Squeeze tightens on Indian cement
Muted volume growth and continuing cost pressures have put a further squeeze on the earnings of Indian cement companies with a disappointing 15 per cent YoY fall in EBITDA/t in ...
Birla Corp mulls Ethiopian cement plant
India-based Birla Corporation is considering setting up a cement plant in Ethiopia, according to a senior official. The company has formed a wholly-owned subsidiary, Birla Corp ...