Birla Tyres resumes production at Orissa plant

October 8th, 2009 KOLKATA - Birla Corp, the flagship company of the MP Birla Group, has been included in the "Best Under a Billion" list by the Forbes Magazine. Altogether 200 companies feature on the list picked up from more than 25,326 publicly listed firms with sales of less than $1 billion in the Asia-Pacific region, a Birla Corp release said Thursday.

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 8th, 2009 NEW DELHI - India will speed up the process of granting iron ore mining licenses to various steel companies, including South Korea's Posco, Steel Minister Virbhadra Singh said here Wednesday. "We are planning to almost double the production of steel and for that we have to speed up greenfield projects," Singh told reporters on the sidelines of a steel conference.

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 - Kumar Mangalam Birla will succeed his grandfather Basant Kumar Birla as chairman of Kesoram Industries. The 88-year old B.K.

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.

May 18th, 2009 NEW DELHI - Indian tyremaker Apollo Tyres Monday said it has successfully concluded the acquisition of the bankrupt Dutch company, Vredestein Banden BV, for an undisclosed amount. Vredestein Banden manufactures premium passenger car tyres and was a 100 percent arm of Russia's largest tyremaker Amtel-Vredestein.

May 9th, 2009 Cummins laying off 690 with Indiana plant closingCOLUMBUS, Ind. — Chrysler's production shutdown is causing Cummins to temporarily close a southern Indiana plant that makes diesel engines for Dodge Ram pickup trucks.

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.

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.

February 5th, 2009 BHUBANESWAR - Birla Tyres, a unit of the BK Birla Group company Kesoram Industries, will close down its Orissa plant temporarily for the third time in as many months from Feb 16 to Feb 28 on account of falling sales, a company official said Friday. The unit had shut down operations for about 15 days in December and 13 days last month.

January 19th, 2009 BHUBANESWAR - More than 1,000 workers of a Birla Tyres unit in Orissa Tuesday staged a demonstration in protest against the temporary shutdown of the facility, the police said. The workers took out a procession from the factory at Balasore, some 200 km from here, to the office of the district collector, raised slogans against the company management and sought the district administration's intervention.

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.