Grasim Industries Limited, a flagship company of the Aditya Birla Group, has achieved a major milestone with the launch of its fourth Birla Opus Paints manufacturing plant in Chamarajanagar, Karnataka. This new facility commenced commercial production on November 19, 2024, marking a strategic leap forward in Grasim’s expansion into the decorative paints sector. The fully […]
Novelis Inc., a global leader in sustainable aluminum solutions and a subsidiary of Hindalco Industries, reported a challenging second quarter for the fiscal year 2025, ending September 30, 2024. Despite a 5% increase in net sales to $4.3 billion, boosted by strong aluminum prices and growing demand in beverage packaging, the company faced an 18% […]
In a move signaling continued confidence in the telecommunications sector, Indian business magnate Kumar Mangalam Birla has acquired shares worth Rs 24.89 crore in Vodafone Idea, India’s third-largest mobile service provider. This purchase was executed through an open market transaction, further solidifying Birla’s stake in the debt-ridden telecom company. According to recent regulatory filings, Kumar […]
Novelis Inc., a global leader in sustainable aluminum solutions and the foremost player in aluminum rolling and recycling, has unveiled its financial results for the first quarter of fiscal year 2025. The company has demonstrated robust performance, marked by a significant rise in Adjusted EBITDA and shipment volumes, despite facing challenges due to recent flooding […]
In a pivotal move for the Indian cement industry, UltraTech Cement Limited has announced its decision to purchase a substantial 32.72% equity stake held by promoters and their associates in India Cements Limited. This acquisition, pending regulatory approvals, positions UltraTech as a major player in the South Indian cement market. UltraTech Cement’s Strategic Investment On […]
Birla Estates Pvt. Ltd., a key real estate venture of the Aditya Birla Group and a wholly owned subsidiary of Century Textiles and Industries Limited, has announced a significant expansion in the National Capital Region (NCR) with a new land acquisition in Sector 71, Gurugram. This acquisition encompasses a 5-acre parcel that boasts a development […]
Suzlon Group, India’s largest renewable energy solutions provider, has announced a new significant order to develop a 551.25 MW wind power project for the Aditya Birla Group, a leading global Indian conglomerate. The project will involve the installation of 175 wind turbine generators (WTGs) across two key locations in India: Barmer district in Rajasthan and […]
Birla Pivot, a pioneering B2B e-commerce platform under the umbrella of Aditya Birla Group, has remarkably crossed the Rs. 1,000 crore revenue mark in its first fiscal year, FY24. This notable achievement by the Grasim Industries business unit underscores its rapid ascent in the B2B e-commerce domain, making it one of the fastest-growing platforms of […]
Grasim Industries Limited, a leading constituent of the Aditya Birla Group, has announced a groundbreaking investment from the International Finance Corporation (IFC), the World Bank Group’s private sector arm. The investment, totaling INR 1250 Crore (approximately $150 million), comes in the form of Non-Convertible Debentures (NCDs) dedicated to supporting Grasim’s foray into sustainable paint manufacturing. […]
Aditya Birla Capital Ltd. (ABCL) has announced a significant move towards consolidating its operations by amalgamating Aditya Birla Finance Ltd. (ABFL), its wholly owned subsidiary, with itself. This strategic initiative aims to create a larger, unified non-banking financial company (NBFC) that is poised to redefine the financial services landscape in India. At the heart of […]