Birla Cellulose, a global leader in sustainable man-made cellulosic fibers (MMCF), has achieved a significant milestone with its Kharach plant in Gujarat successfully commissioning a Carbon-disulphide (CS2) Adsorption Plant. This state-of-the-art facility has attained the prestigious EU Best Available Techniques (BAT) status, marking a significant achievement in sustainable manufacturing practices. Innovative Closed-Loop Technologies for Environmental […]
In a landmark decision, Grasim Industries Limited’s board has sanctioned a rights issue to muster funds up to ₹4,000 crore. The primary intent behind this move is to channel these funds towards the company’s progressive capital expenditure plan, diminish existing borrowings, and cater to general corporate requisites. Aligning Funds with Ambitious Goals A pivotal phase […]
In a pioneering move in the Indian non-banking financial industry, Aditya Birla Capital, the financial services division of the Aditya Birla Group, has introduced OneVerse, a virtual lounge in the metaverse mirroring its physical branch. OneVerse enables customers to access a broad spectrum of solutions related to Protecting, Investing, Financing, and Advising. They can virtually […]
Aditya Birla Capital Limited (ABCL), the holding company for the financial services businesses of the Aditya Birla Group, has wrapped up an impressive fundraise of Rs 3,000 crores, marking a new milestone in the company’s journey. The funds were raised through a Qualified Institutional Placement (QIP) of equity shares for Rs 1,750 crores, as well […]
Lubrizol Corporation, a Berkshire Hathaway-owned specialty chemicals leader, is set to bolster its growth trajectory in India with an investment exceeding $150 million. The commitment includes the establishment of India’s largest CPVC resin plant in Vilayat, Gujarat, doubling production capacity at its Dahej, Gujarat site, opening a new grease lab in Navi Mumbai, and fueling […]
Aditya Birla Fashion and Retail Limited (ABFRL), an Indian fashion and apparel company which is part of the Aditya Birla Group, has agreed to take a controlling stake of 51% in TCNS Clothing, a women’s branded apparel company, for a sum of around INR 1,650 crores. The India-based TCNS Clothing owns ethnic brands such as […]
UltraTech Cement Q2FY23 results : UltraTech Cement Limited, an Aditya Birla Group company, has reported a profit after tax (PAT) of INR 756 crores for the second quarter of the fiscal year 2023 (Q2FY23), a decrease of 42.4% compared to INR 1,314 crores for the same period of the previous fiscal year (Q2FY22). In the […]
Suzlon Group, an Indian renewable energy solutions provider, has bagged a contract from the Aditya Birla Group to develop 144.9MW wind power projects in Gujarat and Madhya Pradesh. As part of the contract, Suzlon Group will be responsible for the installation of 69 units of wind turbine generators with a hybrid lattice tubular (HLT) tower. […]
Grasim Industries said that its board of directors has approved the company’s entry into B2B e-commerce platform for building materials with an INR 2,000crore-investment over the next five years. According to the Aditya Birla Group flagship company, the investment adds a new high-growth engine with strong adjacencies within its standalone businesses as well as that […]
Aditya Birla Fashion and Retail Limited (ABFRL) said that it will acquire a stake of 51% in the House of Masaba Lifestyle Private Limited (HMLPL) for a sum of around INR 90 crores. By acquiring the stake, the Aditya Birla Group company will enter into a partnership with Indian designer Masaba Gupta to develop a […]
