Birla Corp on Forbes' listOctober 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.
Birla Corp net up 69 percentJuly 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.
Birla to raise promoters' stake in group firmsJune 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.
Kesoram plans to invest Rs.2,000 crore in 15 monthsJune 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.
Kumar Mangalam to head Kesoram after B.K. BirlaJune 26th, 2009 KOLKATA - Kumar Mangalam Birla will succeed his grandfather Basant Kumar Birla as chairman of Kesoram Industries. The 88-year old B.K.
10 die in Orissa road accident (Lead)June 9th, 2009 BHUBANESWAR - At least 10 people, including two women, were killed in Orissa Tuesday when a speeding truck rammed into the jeep in which they were travelling, police said. The accident took place on the National Highway 5, some 35 km from Baripada district headquarters, 270 km from here.
Birla expects 10 mn tonnes cement capacity in two yearsMay 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.
Aditya Birla buys stake in financial services firmMarch 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.
Birla Tyres resumes production at Orissa plantMarch 3rd, 2009 BHUBANESWAR - Birla Tyres, a unit of the BK Birla Group company Kesoram Industries, resumed production at its Orissa plant Monday, a company official said. The factory at Balasore town, some 200 km from here, was closed down temporarily Feb 16 for the third time on account of poor market conditions.
Orissa to swap power to meet shortfallFebruary 25th, 2009 BHUBANESWAR - Power trader PTC India will swap power with Orissa to help it overcome the power shortage it is facing currently, an official said Wednesday. PTC - formerly Power Trading Corp of India - will supply about 150 MW daily to Grid Corp of Orissa (Gridco), the bulk supplier of electricity in the state.
Birla Tyres shuts production in Orissa unit againFebruary 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.
Workers protest Birla Tyres factory shutdownJanuary 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.
Birla Tyres shuts down Orissa unitJanuary 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.
Birla Tyres to shut down Orissa unit once againJanuary 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.
Birla lays off employees at auto trim unitJanuary 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.
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