Displaying items by tag: Birla Corporation

India: Birla Corporation recorded sales of US$1.06bn throughout the 2023 financial year, up by 16% year-on-year from 2022 financial year levels. The company’s cement segment contributed US$1bn in sales, up by 17% and corresponding to 95% of group sales. Group net profit was US$4.94m, down by 90% year-on-year from the previous financial year.

India: Birla Corporation recorded nine-month consolidated sales of US$751m so far in the 2023 financial year, up by 20% year-on-year from US$628m in the first nine months of the 2022 financial year. The company made a net loss of US$5.37m however, compared to a net profit of US$34.7m during the first nine months of the 2022 financial year.

Birla Corporation did not publish a figure for fuel and electricity costs, however its raw materials costs rose by 25% year-on-year to US$111m, while its 'other expenses' more than doubled to US$565m.

India: The board of directors of Birla Corporation has approved the appointment of Sandip Ghose as its managing director and chief executive officer, effective from 1 January 2023. He will be in post for a period of three years, subject to shareholder approval. The incumbent, Arvind Pathak, will step down owing to personal reasons.

India: Birla Corporation won bidding for Madhya Pradesh's Marki Barka coal mines on 15 October 2022. The producer said that the asset will provide fuel security and cost optimisation for its cement operations.

India: Police in Madhya Pradesh have arrested the head of human resources of a cement producer in connection with the killing of trade union leader. The victim, Manish Shukla, worked at a cement plant in Maihar in the district of Satna. The Times of India newspaper has reported that Shukla was fatally wounded in a knife attack by three men on 19 September 2022. His killing sparked protests outside the Maihar police station, in which other cement plant workers reportedly participated.

Maihar is the location of cement plants belonging to KJS Cement, Birla Corporation subsidiary RCCPL and Aditya Birla subsidiary UltraTech Cement.

India: Birla Corporation plans to increase its cement production capacity to 30Mt/yr in 2030 from 20Mt/yr at present. It made the proclamation in its annual report for the 2021 – 2022 financial year. Recent developments include the inauguration of its 3.9Mt/yr integrated plant at Mukutban in Maharashtra, run under its RCCPL subsidiary. It is the group’s fourth integrated plant and is reportedly the largest single cement production line in the state. The unit also includes a 40MW captive power plant.

Other developments include plans to expand the capacity of its Kundanganj grinding plant in Uttar Pradesh to 3Mt/yr from 2Mt/yr and a plan to build a new 1.2Mt/yr grinding plant at Gaya in Bihar. The group is also increasing production from its captive coal mines. Output from the Sial Ghoghri coal mine has been increased by 20% above its rated capacity to 30,000t/month. Development of the Bikram coal mine has been advanced and production is expected to start in mid-2023. Finally, the group is adding 8MW of solar power capacity at its Chanderia, Satna and Kundanganj plants in the current financial year and a 10.6MW waste heat recovery (WHR) unit is planned for the Mukutban plant.

India: Birla Corporation recorded US$279m in consolidated sales in the first quarter of its 2023 financial year, which began on 1 April 2022. The figure corresponds to a 25% year-on-year increase from the producer’s first-quarter 2022 financial year sales figure. The Times of India newspaper has reported that Birla Corporation more than doubled its cement production capacity utilisation. The producer’s net profit dropped by 56% year-on-year to US$7.78m from US$17.8m in the first quarter of the 2022 financial year.

India: Birla Corporation has started the kiln at its new 3.9Mt/yr Mukutban cement plant at Nagpur in Maharashtra. The project had an investment of around US$370m and the plant will be run by subsidiary RCCPL. Birla Corporation said that the new plant is the group’s fourth integrated plant and the biggest single cement production line in Maharashtra by capacity. It will be powered by two 20MW captive power plants that use air-cooled condenser technology to reduce water consumption by 90%. The plant was partly built using the group’s MP Birla Cement Perfect Plus product, a Portland Pozzolana Cement, composed of 30 - 35% fly ash, itself a by-product of thermal power plants. Use of fly ash and slag will be scaled up at the site as production ramps up.

“It is no mean feat to complete such a large project under such challenging circumstances with major disruptions on account of Covid-19 which led to several logistical challenges, stoppage of work and a flight of labour from the project site on several occasions,” said Harsh V Lodha, the chair of Birla Group. “Moreover, to achieve 10m man hours of construction with zero accidents and completion of the entire project without a single major accident or fatality, I am told, is a unique achievement in the cement industry.”