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No plans to join Kesoram as of now: Kumar Mangalam

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Press Trust of India Kolkata
Last Updated : Jan 21 2013 | 1:47 AM IST

Aditya Birla group Chairman Kumar Mangalam Birla today said he has no immediate plans to join the board of B K Birla-group flagship Kesoram Industries.

"There are no immediate plans to join Kesoram as of now," he told reporters on the sidelines of a conference here.

The octagenarian B K Birla, had earlier announced that he had completed his succession plan following which Kesoram, Century Textiles and Century Enka would go to his grandson Kumar Mangalam.

Birla had said that he wanted to retire at 90 and wanted Kumar Mangalam to come on the board of his companies as early as possible.

Meanwhile, Kumar Mangalam said that the target revenue for the entire group for 2015 was $65 billion. Last year, the group achieved the target of $30 billion turnover, two years ahead of time, he said.

Fifty per cent of the group's revenues are coming from overseas operations, he said. The group has interests in cement, textiles, aluminium, telecom and retail.

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First Published: Feb 18 2010 | 9:26 PM IST

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