Birla Corp Ltd, part of the MP Birla Group, expects its cement capacity to rise to 10 million tonnes in two years from 6 million tonnes now, the company said in a release Thursday here.
"The second and final phase of expansion at the Satna plant is likely to be completed by March, following which total clinker production capacity will increase by 2,200 tonnes per day (tpd) to 9,600 tpd," the release said.
By the end of 2009-10, the capacity is expected to touch 7.5 million.
Birla in April expanded clinker capacity at Chanderia plant in Rajasthan from 3,450 tpd to 4,050 tpd.
It is currently executing several other expansion projects like a 1.2-million-tonne plant at Chanderia, and grinding capacity hike at Durgapur in West Bengal and Satna in Madhya Pradesh.
Captive power plants of 30-MW each in Durgapur and Satna are also being set up and the company expects to complete these projects in two years.
A three-million-tonne cement plant has also being planned at Satna. The company plans to invest Rs.1,200 crore over there, the release said.
However, the execution of the project would depend upon Birla being granted a limestone mining lease, which has been contested in the court.
"Once the issue is favourably resolved, the company plans to set up the cement plant," the statement said.
Birla reported a turnover of Rs.2,038.84 crore in 2008-09. The net profit was Rs.323.51 crore for that fiscal.
Showing posts with label aditya birla group. Show all posts
Showing posts with label aditya birla group. Show all posts
Thursday, May 7, 2009
Saturday, January 3, 2009
Aditya Birla Group Announces Cement Performance for December 2008
The Aditya Birla Group's Cement production for the period April-December' 08 has moved up by 4.15% at 230.46 lac mt as against 221.28 lac mt during April-December '07. Dispatches grew by 4.41% at 230.46 lac mt in April-December '08 vis-a-vis 220.73 lac mt in the corresponding period last year.Cement production for the month of December '08 rose by 14.85% at 29.27 lac mt. Dispatches are up by 13.36% at 29.82 lac mt over December '07.
Wednesday, February 20, 2008
Ola Silver Jewellery tie-up with Aditya Birla Group for a Hyper mart in Baroda!!
A resoundingly successful entrance into the Indian Organised Silver Jewellery Retail Market , Ola Silver Jewellery – today is a brand that exudes sheer brilliance of quality and commitment!
Expanding at a steady pace, brand Ola- owned by Goldiam International Ltd. will now surge ahead and carve an ingrained niche for itself; with a prestigious tie-up with the Aditya Birla Group of Companies. The alliance will come up with a hyper –Store in Baroda where Ola silver jewellery would have its collections on proud display.
The Four Storey Hyper Store will have Ola displays across the first rung (Floor). The collections will primarily be contemporary and extremely stylized- in accordance to urban tastes.
Aditya Birla Group of Companies – with their keen business acumen, have acknowledged the tremendous potential of brand Ola and resolves to provide the consumers the finest platform to acquire the collections of Ola.
Ola as a brand today has achieved significant popularity with its strongest market presence in cities such as Mumbai, Delhi, Bangalore, Kolkata and the ‘Aspirational interiors’ of cities such of Gujarat.
Today Ola Silver Jewellery is available at a plethora of Multi Brand outlets in the ‘Shop-in –Shop” format. This includes Lifestyle, Pantaloons, Globus, Central, Big Bazaar, Depot, Spencers and Ebony. Ola now has approximately 115 selling points across the country and makes its presence felt right from the north upto Amritsar to even places across the South till Mangalore and East upto Siliguri and Guwahati.
Ola Silver Jewellery is a 92.5 Sterling Silver Jewellery Brand that is affordable yet visually splendid. Apart from sterling silver, Ola creates an amalgamation of various precious stones such as CZ, Mother of Pearl and Synthetic Colour stones for women from all walks of life with a desire to dazzle.
Ranging from Rs250 to Rs6000, Ola gives today’s woman a chance to dazzle at affordable rates.
Expanding at a steady pace, brand Ola- owned by Goldiam International Ltd. will now surge ahead and carve an ingrained niche for itself; with a prestigious tie-up with the Aditya Birla Group of Companies. The alliance will come up with a hyper –Store in Baroda where Ola silver jewellery would have its collections on proud display.
The Four Storey Hyper Store will have Ola displays across the first rung (Floor). The collections will primarily be contemporary and extremely stylized- in accordance to urban tastes.
Aditya Birla Group of Companies – with their keen business acumen, have acknowledged the tremendous potential of brand Ola and resolves to provide the consumers the finest platform to acquire the collections of Ola.
Ola as a brand today has achieved significant popularity with its strongest market presence in cities such as Mumbai, Delhi, Bangalore, Kolkata and the ‘Aspirational interiors’ of cities such of Gujarat.
Today Ola Silver Jewellery is available at a plethora of Multi Brand outlets in the ‘Shop-in –Shop” format. This includes Lifestyle, Pantaloons, Globus, Central, Big Bazaar, Depot, Spencers and Ebony. Ola now has approximately 115 selling points across the country and makes its presence felt right from the north upto Amritsar to even places across the South till Mangalore and East upto Siliguri and Guwahati.
Ola Silver Jewellery is a 92.5 Sterling Silver Jewellery Brand that is affordable yet visually splendid. Apart from sterling silver, Ola creates an amalgamation of various precious stones such as CZ, Mother of Pearl and Synthetic Colour stones for women from all walks of life with a desire to dazzle.
Ranging from Rs250 to Rs6000, Ola gives today’s woman a chance to dazzle at affordable rates.
Sunday, October 28, 2007
Grasim, The Aditya Birla Group’s Flagship Company Performance for Q2FY 2008
Grasim, the flagship Company of the Aditya Birla Group, has posted good results for the 2nd quarter ended 30th September, 2007. Cement and Viscose Staple Fibre (VSF), its core businesses, have been the growth drivers. The Chemical and Sponge Iron businesses have contributed as well. Ongoing modernization efforts, upgradation of plants and energy optimization have been instrumental to the growth process.
The Company has reported a growth on all the fronts, viz., Revenue, Gross Profit and Net Profit. Revenue was up by 25% at Rs.3,973 crores (Rs.3,186 crores). Gross Profit at Rs.1,213 crores (Rs.839 crores) rose by 44% over the corresponding period. Despite a substantially higher provision for tax expenses, Net Profit grew by 50% at Rs.620 crores (Rs.414 crores).
Viscose Staple Fibre (VSF) Business
The upsurge in global demand coupled with the higher demand for knitted fabrics and increased realisations saw the VSF business post a good performance. Production was up by 7% at 69,678 tons. Sales volumes improved by 11% at 70,183 tons, a historical high for any quarter. The uptrend in international prices backed by a strong demand, resulted in realisations being higher. Increased use of captive pulp and a stronger rupee contained the impact of the steep increase in global pulp prices.
The Company plans to augment its capacity by 94,875 tons from its current level of 270,100 tons, through capacity expansions of 63,875 tons at Kharach (Gujarat) and 31,000 tons at Harihar (Karnataka).
Additionally, plans are afoot to set up a greenfield plant of 88,000 tons at Vilayat (Gujarat) at an estimated capital cost of Rs.840 crores. The plant would take 2-3 years to come up.
The outlook for the VSF business continues to be good.
Chemical Plant
The Chemical plant put in a better performance during the quarter, Production of caustic soda, which was impacted during the corresponding quarter on account of the shut down of a captive power plant, was higher at 48,752 tons. Sales volumes too were higher at 49,634 tons. Realisations dipped by 8% consequent to the reduction in prices of caustic soda and allied products.
Realisations are expected to remain depressed, given the demand-supply mismatch arising out of new capacity additions.
Cement Business
The Cement business’ performance has been good. While Production recorded a growth of 9% at 3.62 million tons, Sales volumes grew by 6% at 3.60 million tons. The share of blended cement increased from 63% to 68%. Costs remained under pressure due to the steep rise in fuel costs and increased freight rates.
The White Cement unit reported a satisfactory performance. Sales volumes were higher by 3% at 92,566 tons.
Cement Subsidiaries
UltraTech Cement Limited (UltraTech), a subsidiary of Grasim, too bettered its performance. Sales of cement and clinker were at 3.35 million tons and 0.26 million tons respectively. Net Profit was higher at Rs.184 crores.
Shree Digvijay Cement Company Limited, yet another subsidiary, reported a profit of Rs.1.50 crores, vis-à-vis Rs.8.03 crores in the corresponding quarter.
Cement Capex plan
The Company is expanding its capacity by 10.2 million tons at a total cost of Rs.3,480 crores. To this end, the Company is setting up –
-- a Greenfield cement plant at Kotputli in Rajasthan (with a split grinding unit at Panipat in Haryana), of a total capacity of 4.5 million tons;
-- a new plant at Shambhupura in Rajasthan (with a split grinding unit at Aligarh in Uttar Pradesh) of a total capacity of 4.4 million tons; and
-- a grinding unit at Dadri of a capacity of 1.3 million tons.
All these projects are progressing as per schedule. The Shambhupura plant is expected to be commissioned by end-FY08 and the Kotputli plant in Q1FY09.
This will enable the Company to cater to the growing demand for Cement in the northern region. The capex plans of UltraTech too are in line with expectations. Both the Company and its subsidiary are setting up Ready Mix Concrete plants at various locations in the country. The Company’s aggregate cement capacity (including that of its subsidiaries), upon completion of expansion, will stand augmented by 17 million tons at 48 million tons.
The additional capacity of around 90 million tons, as announced by the industry, could result in a surplus scenario due to which realisations could be under pressure from end-FY09. However, the growth in demand bodes well for the Company’s Cement business.
Sponge Iron Business
The Sponge Iron business enhanced its performance during the quarter. Production grew by 29% at 146,673 tons, due to usage of alternate fuels. Sales volumes too rose by 28% at 141,960 tons. While realisation improved, its impact was partially offset by higher feedstock cost. The prospects for the business are expected to improve in the long term with adequate gas availability, likely by end-FY08. The pricing of gas, which is uncertain, will continue to be a concern.
Outlook
Grasim’s strong fundamentals, its unrelenting focus on operational excellence, cost optimization, effective financial management, continuous restructuring of business processes, together with its leadership position in the Cement and VSF sectors, augur well for the Company. The prospects for Grasim continue to be bright.
The Company has reported a growth on all the fronts, viz., Revenue, Gross Profit and Net Profit. Revenue was up by 25% at Rs.3,973 crores (Rs.3,186 crores). Gross Profit at Rs.1,213 crores (Rs.839 crores) rose by 44% over the corresponding period. Despite a substantially higher provision for tax expenses, Net Profit grew by 50% at Rs.620 crores (Rs.414 crores).
Viscose Staple Fibre (VSF) Business
The upsurge in global demand coupled with the higher demand for knitted fabrics and increased realisations saw the VSF business post a good performance. Production was up by 7% at 69,678 tons. Sales volumes improved by 11% at 70,183 tons, a historical high for any quarter. The uptrend in international prices backed by a strong demand, resulted in realisations being higher. Increased use of captive pulp and a stronger rupee contained the impact of the steep increase in global pulp prices.
The Company plans to augment its capacity by 94,875 tons from its current level of 270,100 tons, through capacity expansions of 63,875 tons at Kharach (Gujarat) and 31,000 tons at Harihar (Karnataka).
Additionally, plans are afoot to set up a greenfield plant of 88,000 tons at Vilayat (Gujarat) at an estimated capital cost of Rs.840 crores. The plant would take 2-3 years to come up.
The outlook for the VSF business continues to be good.
Chemical Plant
The Chemical plant put in a better performance during the quarter, Production of caustic soda, which was impacted during the corresponding quarter on account of the shut down of a captive power plant, was higher at 48,752 tons. Sales volumes too were higher at 49,634 tons. Realisations dipped by 8% consequent to the reduction in prices of caustic soda and allied products.
Realisations are expected to remain depressed, given the demand-supply mismatch arising out of new capacity additions.
Cement Business
The Cement business’ performance has been good. While Production recorded a growth of 9% at 3.62 million tons, Sales volumes grew by 6% at 3.60 million tons. The share of blended cement increased from 63% to 68%. Costs remained under pressure due to the steep rise in fuel costs and increased freight rates.
The White Cement unit reported a satisfactory performance. Sales volumes were higher by 3% at 92,566 tons.
Cement Subsidiaries
UltraTech Cement Limited (UltraTech), a subsidiary of Grasim, too bettered its performance. Sales of cement and clinker were at 3.35 million tons and 0.26 million tons respectively. Net Profit was higher at Rs.184 crores.
Shree Digvijay Cement Company Limited, yet another subsidiary, reported a profit of Rs.1.50 crores, vis-à-vis Rs.8.03 crores in the corresponding quarter.
Cement Capex plan
The Company is expanding its capacity by 10.2 million tons at a total cost of Rs.3,480 crores. To this end, the Company is setting up –
-- a Greenfield cement plant at Kotputli in Rajasthan (with a split grinding unit at Panipat in Haryana), of a total capacity of 4.5 million tons;
-- a new plant at Shambhupura in Rajasthan (with a split grinding unit at Aligarh in Uttar Pradesh) of a total capacity of 4.4 million tons; and
-- a grinding unit at Dadri of a capacity of 1.3 million tons.
All these projects are progressing as per schedule. The Shambhupura plant is expected to be commissioned by end-FY08 and the Kotputli plant in Q1FY09.
This will enable the Company to cater to the growing demand for Cement in the northern region. The capex plans of UltraTech too are in line with expectations. Both the Company and its subsidiary are setting up Ready Mix Concrete plants at various locations in the country. The Company’s aggregate cement capacity (including that of its subsidiaries), upon completion of expansion, will stand augmented by 17 million tons at 48 million tons.
The additional capacity of around 90 million tons, as announced by the industry, could result in a surplus scenario due to which realisations could be under pressure from end-FY09. However, the growth in demand bodes well for the Company’s Cement business.
Sponge Iron Business
The Sponge Iron business enhanced its performance during the quarter. Production grew by 29% at 146,673 tons, due to usage of alternate fuels. Sales volumes too rose by 28% at 141,960 tons. While realisation improved, its impact was partially offset by higher feedstock cost. The prospects for the business are expected to improve in the long term with adequate gas availability, likely by end-FY08. The pricing of gas, which is uncertain, will continue to be a concern.
Outlook
Grasim’s strong fundamentals, its unrelenting focus on operational excellence, cost optimization, effective financial management, continuous restructuring of business processes, together with its leadership position in the Cement and VSF sectors, augur well for the Company. The prospects for Grasim continue to be bright.
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