Birla 2Q16 net profit more than doubles
Birla 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.
Reliance Infrastructure
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Birla completes acquisition of Reliance Cement
Birla Corporation announced that is has completed the acquisition of Reliance Infrastructure subsidiary, Reliance Cement. The deal was valued at about INR48bn (US$715.6m). Relia...
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...
Reliance may get final bids for cement unit by year-end, India
Reliance Infrastructure is expected to get final bids from the shortlisted bidders for the sale of its cement business by 24 December 2015, according to sources close to the sal...
JSW and JK Lakshmi reportedly among shortlist for Reliance cement assets
JSW Cement Ltd and JK Lakshmi Cement Ltd are among seven bidders shortlisted for Reliance Infrastructure Ltd’s 5.5Mta cement assets, an official directly involved in the deal ha...
India: Reliance Infrastructure looks to triple capacity
Reliance Infrastructure plans to nearly triple its cement generation capacity to 15Mta over the next three years. The company's capacity currently stands at 5.8Mta from its plan...
Reliance Infrastructure plans to triple capacity to 15Mta by 2017
India’s Reliance Infrastructure plans to nearly triple its cement capacity to 15Mta over the next three years. The current capacity at the company, led by Anil Ambani, is 5.8Mta...
Reliance Infrastructure set to start output from Maharashtra unit
Reliance Infrastructure Ltd (R-Infra) is set to begin producing cement from its grinding facility in Maharashtra this month and will sell it under the Reliance Cement brand.