Birla Corp on Forbes’ list

October 5th, 2009 MUMBAI - The board of UltraTech Cement will meet Tuesday to take a call on the proposal to consolidate all cement units and divisions of the Aditya Birla group into one entity, named Samruddhi. Apart from UltraTech Cement, which was acquired from Larsen and Toubro, the Aditya Birla group has several cement units under its fold, notably Grasim.

September 24th, 2009 WASHINGTON - Reliance Industries (RIL), Bharti Airtel, Infosys Technologies and Tata Consultancy Services are among the 13 Indian companies that have made it to the list of Forbes' 50 Best companies in the Asia-Pacific region. "Our list is a mix of giant, established companies this year which includes Australian miner BHP Billiton, Hong Kong conglomerate Noble Group and Indian oil and gas heavyweight RIL - and smaller outfits such as Agile Property Holdings, Anhui Conch Cement and Digital China Holdings," Forbes Asia said in a statement.

July 28th, 2009 KOLKATA - Birla Corp, the flagship company of the MP Birla Group, Tuesday reported a 69 percent jump in its profit after tax at Rs.155.34 crore in the quarter ended June 30. "Higher realisation in cement business and sustained demand on account of stimulus announced by the government helped the company in achieving better results," it said in a statement.

July 27th, 2009 KOLKATA - The annual general meeting (AGM) of Birla Corp held here Monday was adjourned to Aug 24, a company release stated. "The annual general meeting of Birla Corporation Limited, held today, the 27th July 2009, in Kolkata, was adjourned without considering any of the items on the agenda, to be reconvened on 24th August 2009.

June 27th, 2009 KOLKATA - BK Birla Group of Companies will increase the promoters' stake in group firms like Mangalam Cement, Century Enka and Kesoram to around 50 percent in a few years, chairman Basant Kumar Birla said here Saturday. "It is desirable to increase promoter holding in group companies to half (50 percent) of company shares where we have low holdings," Birla said on the sidelines of the annual general meeting of Century Enka.

June 26th, 2009 KOLKATA - Kesoram Industries plans to invest Rs.2,000 crore on capacity augmentation of its cement and tyre plants over the next 15 months, a top company official said here Friday. "Out of this, the Vasavadatta cement plant will receive Rs.750 crore to increase its capacity by 1.65 million tonnes," company chairman Basant Kumar Birla told reporters.

June 26th, 2009 KOLKATA - Kumar Mangalam Birla will succeed his grandfather Basant Kumar Birla as chairman of Kesoram Industries. The 88-year old B.K.

May 7th, 2009 KOLKATA - Birla Corp Ltd, part of the MP Birla Group, expects its cement capacity to rise to 10 million tonnes in two years from 6 million tonnes now, the company said in a release Thursday here. 'The second and final phase of expansion at the Satna plant is likely to be completed by March, following which total clinker production capacity will increase by 2,200 tonnes per day (tpd) to 9,600 tpd,' the release said.

March 31st, 2009 MUMBAI - Aditya Birla Nuvo Ltd Tuesday said it has acquired over 3.5 million equity shares in its subsidiary Birla Sun Life Distribution Co (BSDL). The shares were acquired from Canada-based Sun Life (India) Distribution Investments Inc.

March 12th, 2009 WASHINGTON - Twenty-four Indians have made it into the Forbes magazine's list of 'World's Richest' with Steel tycoon Lakshmi Mittal in fourth place. Four Indians made it to the top 10, including Mukesh Ambani, Anil Ambani and K.

February 15th, 2009 BHUBANESWAR - Birla Tyres, a unit of the BK Birla Group company Kesoram Industries, closed down its plant in Orissa temporarily for the third time for a fortnight on account of poor market conditions, a company official said Monday. The factory will remain closed till Feb 28 because there is no market demand, a senior plant official told IANS over phone on condition of anonymity.

January 26th, 2009 KOLKATA - Cement manufacturer Birla Corp Ltd Tuesday said cement prices will come under pressure in the current and next fiscals when the expected commissioning of new facilities takes place. 'Pick-up in the demand of cement has been witnessed during the later part of December 2008, mainly on account of the revival of demand in the UP (Uttar Pradesh) and Bihar regions, and the same is likely to continue in the quarter ending March 2009,' the company said in a statement.

January 18th, 2009 BHUBANESWAR - Birla Tyres, a unit of the BK Birla group company Kesoram Industries, Monday closed down its Orissa plant temporarily on account of falling sales, a company official said. 'The plant will be closed till January 31 because of falling demand,' a senior official at the unit told IANS on condition of anonymity because he is not authorised to speak to the media.

January 15th, 2009 BHUBANESWAR - Birla Tyres, a unit of the BK Birla group company Kesoram Industries, will shut down its Orissa plant once again on account of falling sales, a company official said Friday. 'We will shut down the plant from January 19 to January 31 because of falling demand,' a senior official at the unit told IANS on condition of anonymity because he is not authorised to speak to the media.

January 5th, 2009 MUMBAI - Conglomerate Birla Corp Tuesday announced it had decided to lay off employees at the company's Birlapur auto trim division. In a regulatory statement, the company said the decision was taken on account of shortage of power.