Page 2 - Kesoram Industries

After 10 straight quarterly losses, Kesoram Industries back in black

BM Birla group firm rides on strong cement volumes, healthy prices and cost rationalisation to deliver Rs 8.8 cr profit

Kesoram Industries slides 8% on profit booking as co hives off tyre biz

Since November 13, post-September quarter results (Q2FY19), the stock has climbed 61 per cent from Rs 60 to Rs 97 (as of Tuesday's close) against 2.8 per cent rise in the S&P BSE Sensex

In a bid to pare debts, Kesoram to hive off tyre division as Birla Tyres

The 7.5 million tonne cement business of the company will remain with Kesoram Industries post this demerger

Kesoram, the flagship of B K Birla Group, to hive off tyre division

Radhakrishnan said the group will be able to leverage its potential in each of the segments through this demerger

Kesoram Industries extends rally on talk of demerger; zooms 65% in 3-weeks

The stock moved higher by 8% to Rs 99, rallying 65% from Rs 60 as compared to a 2.6% rise in the S&P BSE Sensex, since November 13, 2018.

Kesoram Industries refutes allegation of short-changing public shareholders

Minority shareholder Janardan Kothari had made the allegations at the company's annual general meeting

Kesoram AGM: Shareholder proposes handing over firm to Kumar Birla

For the year ended March 31, 2018, Kesoram posted a loss of Rs 4.63 billion

Kesoram Industries buys back two units

Kesoram's main line of businesses would continue to be tyre, cement and rayon

Kesoram's debt rejig plan pays off

After cutting debt, the company is focusing on Balasore unit and two- and three-wheeler tyres and radial tyres

Restructuring pays off for Kesoram Industries

This centred around tyre business which saw an over-capacity production resulting in consolidated loss for the company

Kesoram Industries lines up Rs 600-crore capex for 2016-17

Of the planned capex, Rs 350 crore will be spent on the tyre business, while the cement business will attract an investment of Rs 250 crore

Aditya Birla group to raise stake in Kesoram to 50%

Kesoram is planning to raise Rs 180 cr through a preferential issue

Kesoram Industries gains on plans to hive off rayon business

In past five trading sessions, the stock surged 29% as compared to 2% rise in the S&P BSE Sensex.

Kumar Birla to bring Kesoram back on track

The latest move is part of a restructuring plan by Kesoram to reduce its debt worth Rs 4,800 crore and improve cash flows

Kesoram Industries locked 10% upper circuit on heavy volumes

Kesoram today sold its investments in listed companies worth Rs 400 crore to Birla group holding company, Pilani Investments, report.

Kesoram sells investments worth Rs 400 cr to Pilani Investments

The move is part of an attempt to reduce its debt worth Rs 4,000 crore and improve cash flows