Birla Corp to Consolidate Cement Business Operations

Birla Corporation Limited the flagship company of the M.P. Birla Group, has announced its intention to first consolidate its work in the cement sector and then delve into diversification with meaningful changes in the sector.

During the company’s Annual General Meeting, Chairman Harsh V. Lodha pointed out that Birla Corporation is a top company in the central India market and is currently running with a cement production capacity of 20 million tonnes. The plan is to escalate this capacity to 27.6 million tonnes by the year 2028–29 via the commissioning of new grinding units and the setting up of clinkerisation facilities. It is estimated that the proposed expenditure for this project is Rs. 4,335 crore.

Lodha also indicated that the process of allotment of coal blocks to the company is moving from one approval stage to another. He stated that the company is also deeply involved in the jute business and has started activities for revenue growth in Birla Jute Mill, the first jute mill set up by an Indian family in the country.

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In addition to cement and jute, the company has progressively been concentrating on renewable energy, and the consumption has been growing steadily throughout operations.

Managing Director and CEO Sandip Ghose mentioned that Birla Corporation has set its mind on retaining its market share both in volume and value terms. He further added that endorsing the core strengths of cement will be the tool for the better price realization. In the meanwhile, getting diversified into value-added businesses is his main concern to secure long-term growth.