Rising input costs, monsoon dampen Birla Corp’s Q2 earnings

The 102-year-old Birla Corporation, one of the oldest companies in India and one of its largest cement and jute producers, said the sharp rise seen in commodity prices in recent months and an extended monsoon hurt its margins during the Jul-Sep period. The company’s operating profit or EBITDA — a measure of profit that excludes […]

Birla Corporation completes acquisition of Reliance Cement Company

Birla Corporation said it has completed the acquisition of Reliance Cement company (RCCPL) through purchase of 100% shares in the company. The previously Reliance Infrastructure owned company is now a wholly owned subsidiary of Birla Corporation added the company. Early in February this year Birla Corporation had informed regarding the signing of agreement with RCCPL […]

Anil Ambani’s Reliance Infrastructure sells Cement business to Birla Corp

Birla Corporation Limited said it agreed to buy the entire cement business of Reliance Infrastructure Ltd for a valuation of Rs 4800 crores including debt. The debt portion of the valuation will not go to Reliance Infrastructure. The equity value of Reliance Cement was not disclosed. The two companies have agreed that Birla Corp shall […]