Tag: Aditya Birla Group

Aditya Birla Group makes $20 bn investment as it sets eyes on scaling biz: K.M. Birla

November 16, 2024 admin

Aditya Birla Group makes bn investment as it sets eyes on scaling biz: K.M. Birla

Aditya Birla Group Chairman Kumar Mangalam Birla. | Photo Credit: PTI Aditya Birla Group has invested about $20 billion, mainly in manufacturing space, as it looks to be among the top two players across the segments it operates in, a top company official said on Saturday (November 16, 2024). Speaking at the Hindustan Times Leadership…

Business

UltraTech enters into a pact with India Cements to buy additional 32.72% stake for ₹3,954 crore

July 28, 2024 admin

Aditya Birla Group Chairman Kumar Mangalam Birla. File | Photo Credit: Shashi Ashiwal Aditya Birla group-owned UltraTech on July 28 entered into a share purchase agreement with the promoters and their associates of India Cements Ltd to purchase 10,13,91,23 equity shares or 32.72% stake for ₹390 apiece totalling to ₹3,954 crore, subject to regulatory approvals….

Business

Hindalco subsidiary Novelis files with SEC for IPO

May 14, 2024 admin

A logo is pictured on the facility of flat-rolled aluminium producer Novelis, part of Aditya Birla Group. | Photo Credit: REUTERS Novelis Inc., a sustainable aluminium solutions provider and the world leader in aluminium rolling and recycling, has announced that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed…

Business

Hindalco mulls ₹2,000 crore investment in rail coach related green project

August 22, 2023 admin

Kumar Mangalam Birla. File. | Photo Credit: PTI Aditya Birla Group’s Hindalco Industries Ltd. will invest ₹2,000 crore in a railway related green-transportation project, Chairman Kumar Mangalam Birla informed the shareholders at the company’s AGM held here. “Indian Railways has the laudable goal of becoming Net Zero while concurrently doubling freight capacity,” Mr. Birla said….

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