Adiya Birla Group

Aditya Birla Group to invest $50 mn in manufacturing, R&D centre in Texas

Aditya Birla Group has announced an investment of USD 50 million in a manufacturing and research and development (R&D) center in Texas. Aditya Birla Group's Vice President of Sales and Marketing Scott Bastion said the company will be making a USD 50-million investment outside of Houston in the city of Beaumont, Texas, where it will produce epoxy resins -- that are used in a variety of consumer and industrial products. "In that site, we will have an application development center and will house an R&D team. We look forward to commissioning that site in the next 15 to 20 months. "In addition to that, we look forward to bringing greener solutions, sustainable solutions, and more importantly, being able to serve as well as expand the global footprint of our epoxy business," Bastion said. Aditya Birla Group already has a foundation in India, Thailand, as well as Europe. "This will be the fourth expansion on behalf of the epoxy business into the USA. This is the first phase of our ..

Grasim Q4 results: Profit rises 15.5% to Rs 2,721.8 cr, revenue up 12.7%

Aditya Birla Group flagship holding firm Grasim Industries Ltd has reported an increase of 15.54 per cent in consolidated net profit at Rs 2,721.81 crore for the fourth quarter ended March 2024, led by strong performance by its cement and financial services business. The company had posted a net profit of Rs 2,355.67 crore during the January-March quarter a year ago, according to a late night regulatory filing by Grasim Industries on Wednesday. Its revenue from operations was up 12.74 per cent to Rs 37,727.13 crore during the quarter under review. It was at Rs 33,462.14 crore in the corresponding period of the previous fiscal. The consolidated revenue was "at its highest levels," said an earning statement from Grasim Industries. Grasim has an exceptional items charge of Rs 538 crore in the March quarter. Its consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood "at an all-time high" of Rs 6,196 crore, recording a growth of 27 pe

K M Birla's Hindalco Industries mulls seeking $1.2 bn in Novelis IPO

Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said, asking not to be identified because the matter is private

ABFRL board approves vertical demerger of Madura Fashion and Lifestyle biz

ABRFL to raise Rs 2,500 crore equity capital within 12 months of demerger

As costs and attrition bite, companies look at small towns for talent

During November 2022 and April 2023, there has been a 40% jump in recruitment from tier-2/3 cities

Aditya Birla Group commits Rs 25,000 cr investment across various biz in UP

Aditya Birla Group on Friday committed Rs 25,000 crore investment across its various businesses in Uttar Pradesh. Speaking at Global Investors Summit here, Kumar Mangalam Birla said the investment would go into various businesses like cement, metals, chemicals, financial services and renewable energy. The Mumbai-based group's seven businesses have a significant presence in Uttar Pradesh, anchored by over 30,000 employees with an overall investment of Rs 40,000 crore, he noted. When it comes to building new-age infrastructure or providing efficient governance Uttar Pradesh is creating an example for other states to follow, Birla said. In the process, it is creating immense opportunities for investors, both in India and abroad, he added. "As an early investor in the industrial journey of the state, we feel enthused by the rapid progress that the state is making. Today, the state can rightly be considered one of the key states driving India's journey towards a USD 5 trillion economy.

Aditya Birla Capital considering selling insurance brokerage unit

The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business

Aditya Birla group plans $5-bn capex for Aleris deal, expanding other biz

He said the group has already spent about $3.5 billion in the past two years across various businesses

Idea fall: Birla M&As take time to impress markets, but they eventually do

Idea fall may be knee-jerk reaction; most of group's M&As making money after years of being in red

Aditya Birla Fashion likely to raise funds via 'Non-Convertible Debentures'

The group has over 7,000 points of sale across over 375 cities and towns