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Birla Cement: Birla Corporation inaugurates Rs 2,744-crore …

KOLKATA: Birla Corporation Ltd, the flagship company of the MP Birla Group, on Friday inaugurated its 3.9-million tonne Mukutban integrated cement plant with an investment of Rs 2,744 crore in Maharashtra. The greenfield project of RCCPL Private Ltd, a wholly owned subsidiary of the cement maker, takes the group's total installed …

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Birla Corp to buy Lafarge's cement units for Rs 5,000 crore

Press Trust of India Also Read Crackdown on illegal coaching centres in Delhi, 13 sealed 10 mins ago Maanayata wishes her 'strongest, full of life support system' Sanjay Dutt on his 65th b'day 14 mins ago New Delhi: Birla Corporation Monday said it will acquire two cement units from Lafarge India having a capacity […]

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Birla Corp to acquire Lafarge India's cement units for Rs.

Birla said it will acquire the cement business, comprising an integrated cement unit at Sonadih (Chhattisgarh), a cement grinding unit at Jojobera (Jharkhand), along with …

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Lafarge plans to exit India operations

The M P Birla Group company is competing with JSW Cement to buy this capacity, which is valued around Rs 5,000 crore. "For Birla Corp it does not make sense to buy Lafarge assets without mining rights, so they have backed out," said another banker familiar with the deal. "They are now actively scouting for other assets in the market ...

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AZB-TTA-Dhall, CAM, NDA act on competitive $765m Birla buy of Lafarge

Birla Corporation bought the Eastern cement plants of Lafarge for Rs 5,000 crore from Lafarge India following the Competition Commission of India (CCI) order for the French company to divest itself of the units after its Rs $44bn merger with Holcim, reported the Economic Times and others.. Nishith Desai Associates' Nishchal Joshipura …

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Birla Corp to buy Lafarge's India cement units for Rs 5,000 cr

Birla Corporation today said it will acquire two cement units from Lafarge India having a capacity of 5.15 million tonnes per annum for Rs 5,000 crore. Birla Corporation said in a BSE filing said "it has agreed to a transaction with Lafarge India Private Ltd, whereby Birla Corp, either directly or through its wholly-owned subsidiary, …

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Birla Corporation: RCCPL to invest Rs 400 crore to set up …

Representative Image NEW DELHI: The board of directors of RCCPL, a wholly-owned material subsidiary of Birla Corporation, has approved the proposal to set up a 1.40 million tons greenfield cement grinding unit at Prayagraj, Uttar Pradesh. The company plans to invest Rs 400 crore and the proposed capacity is expected to be …

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Birla acquires Jaypee's cement unit for Rs 3,800 cr

Media reports recently indicated that Aditya Birla Group has acquired Jaypee Group's cement unit in Gujarat for Rs 3,800 crore. The acquisition includes the Jaypee cement unit's debt. As per the non-cash deal, UltraTech will take over the Rs 3,650-crore loan of Jaypee's Gujarat unit and transfer to it Rs 150 crore worth of shares …

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Birla Corporation

The Company had a turnover of Rs 9,662.72 crores in 2023-24 and a net profit of Rs 420.56 crores. ... Reliance Cement has become a wholly-owned material subsidiary of Birla Corporation Limited. The entire …

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Birla Corporation completes acquisition of Reliance Infra's cement

M P Birla Group's flagship company, Birla Corporation on Monday said it has completed the acquisition of the cement business of Anil Ambani owned Reliance Infrastructure Ltd (RIL) in a stake sell agreement it concluded with RIL in February, this year.In a regulatory filing with the Bombay Stock Exchange, Birla Corporation (Birla …

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Birla Corporation's profit falls 45.4% to Rs 32.6 crore in Q1 …

NEW DELHI: M P Birla Group firm Birla Corporation Ltd on Thursday reported a decline of 45.36 per cent in its consolidated net profit at Rs 32.62 crore in the first quarter ended June 2024, on account of weak cement prices, sluggishness in demand and downturn in the jute industry. It had posted a net profit of Rs 59.71 crore in the April …

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Lafarlcim to sell India assets for 750 million Swiss francs

PARIS (Reuters) - Cement maker Lafarlcim said it would sell two plants in eastern India to Birla Corporation for about 750 million Swiss francs ($768 million), as a condition of its recent merger.

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Birla Corp to buy Lafarge's India cement units for Rs 5,000 cr

The company said that upon completion of this transaction, Birla Corporation will consolidate its position in the eastern India cement market, where the …

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Birla Corp to buy two Lafarge India cement units | IBEF

Mumbai: Birla Corp. Ltd has decided to acquire two cement assets from the local arm of Lafarge SA with a combined production capacity of around 5.15 million …

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Birla Corp rallies on plan to buy cement businesses from Lafarge

"The company has agreed to a transaction with Lafarge India Private Limited (Lafarge India), whereby Birla Corp, either directly or through its wholly owned subsidiary, shall acquire both the Jojobera and Sonadih cement businesses from Lafarge India for an enterprise value of Rs 5,000 crore," Birla Corporation said in a statement.

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Birla Corporation to move court against Lafarge-Holcim

Kolkata-based Birla Corporation's Rs 5,000-crore deal with Lafarge India to buy two cement units has gone sour, with the former planning to seek a legal solution.

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Birla Cement: Birla Corporation to expand cement …

NEW DELHI: MP Birla Group firm Birla Corporation plans to increase its cement production capacity by 50 per cent to 30 million tonnes per annum by 2030, the company said in its latest annual report. The company, which has commissioned a greenfield unit at Mukutban, Maharashtra with an investment of Rs 2,744 crore, has …

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Birla Corproation to acquire Sonadih & Jojobera cement

Birla Corporation announced that it has agreed to acquire two cement units – Sonadih & Jojobera Cement Plants of Lafarge Holcim. According to Mr. Harsh Lodha, Chairman of Birla Corp, "the ...

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Birla Corp rallies on plan to buy cement businesses from …

Birla Corporation has rallied 9% to Rs 495 on the National Stock Exchange (NSE) in early morning trades after the company announced plans to acquire the …

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Lafarge plans to exit India operations

The decision comes after the company's plan to sell its 5.15Mt/yr cement capacity in Chhattisgarh and Jharkhand to Birla Corporation for US$749m ran into trouble. Investment bankers said that Birla Corporation was facing challenges in securing limestone mining rights for the two units. In order to approve the Lafarlcim merger …

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Cement king in making | Media Reports | Aditya Birla Group

UltraTech Cement is reportedly looking to buy Indian assets of Holcim and Lafarge SA. If the move succeeds, it can give a whole new dimension to the consolidation that is underway in India's troubled cement industry. ... unit of Jaiprakash Associates for an enterprise value of Rs.3800 crore ($631 million) in Birla's biggest acquisition in more ...

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UltraTech Cement announces Rs.12,886 Cr investment

Aditya Birla Group Cement Flagship Company, UltraTech Cement announces Rs.12,886 crores investment towards 22.6 MTPA capacity expansion at US$ 76 per tonne of cement

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Cement king in making | Media Reports | Aditya Birla Group

UltraTech Cement is reportedly looking to buy Indian assets of Holcim and Lafarge SA. If the move succeeds, it can give a whole new dimension to the consolidation that is underway in India's troubled cement industry. ... UltraTech bought the 4.8-million tonne Gujarat unit of Jaiprakash Associates for an enterprise value of Rs.3800 crore …

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Birla Corp to raise funds on pvt placement for expansion

Cement maker Birla Corporation, the flagship firm of the M P Birla Group, will seek shareholders' nod to raise funds on a private placement basis for expansion including acquisition of greenfield and brownfield cement plants. The firm will hold a postal ballot to take the approval of shareholders for a special resolution to raise funds. The …

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Nirma cements $1.4-bn Lafarge India buyout | M&A Critique

Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India's 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. The valuation is around $127 per tonne, lesser than the $151 per tonne valuation Lafarge commanded in its aborted deal with Birla Corp last …

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Nirma cements $1.4-bn Lafarge India buyout

With a strong platform like Lafarge's India business, we plan to take the cement business to the next level," said Hiren Patel, managing director, Nirma. According to investment bankers, Nirma will sell bonds worth about Rs 4,000 crore ($596 million) to fund the acquisition.

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Birla Corp soars after buying 2 cement units from Lafarge

Birla Corporation rose 17.39% to Rs 531.70 at 13:38 IST on BSE after the company announced that it has agreed to acquire two cement units of Lafarge India. The announcement was made before trading hours today, 17 August 2015.

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Birla Corp to buy Lafarge's India cement units for Rs 5,000 cr

Birla Corporation today said it will acquire two cement units from Lafarge India having a capacity of 5.15 million tonnes per annum for Rs 5,000 crore.

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Birla Corporation

The Company had a turnover of Rs 9,662.72 crores in 2023-24 and a net profit of Rs 420.56 crores. ... Reliance Cement has become a wholly-owned material subsidiary of Birla Corporation Limited. The entire cement business of RIL has been acquired for an Enterprise Value of Rs. 4,800 crores. ... Presently, the cement capacity is 20 MTPA ...

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Castex Technologies Allots Shares | Amtek India | M&A …

Last month, Birla Corporation pipped several larger rivals to announce its acquisition of two cement units from Lafarge India having a capacity of 5.15 million tonnes per annum for Rs 5,000 crore. The move may escalate the decade old Priyamvada Birla will controversy.

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