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UltraTech to cross 200 MTPA capacity in FY26: Kumar Mangalam Birla
Economic Times
·
21d ago
Medial
UltraTech Cement is on track to exceed 200 million tonnes per annum (MTPA) capacity by FY26, a year earlier than planned. This expansion positions it to become the world's largest cement company outside China. The company’s growth is fueled by organic expansions and acquisitions, increasing its capacity to 192.26 MTPA. This move aligns with India’s robust economic growth, with the construction sector leading due to infrastructure projects and housing development, according to Chairman Kumar Mangalam Birla.
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UltraTech Cement board approves 32.72% acquisition of India Cements
Livemint
·
1y ago
Medial
UltraTech Cement has received approval from its Board of Directors to purchase a 32.72% equity stake in India Cements. The deal, worth ₹3,954 crore, will see UltraTech pay ₹390 per share. This purchase will also trigger a mandatory open offer. India Cements has a total capacity of 14.45 mtpa of grey cement. The transaction is subject to regulatory approvals. UltraTech Cement's Chairman, Kumar Mangalam Birla, stated that the company's investments, both organic and inorganic, have propelled India's growth in the building solutions sector.
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UltraTech lines up Rs 10,000 cr capex for FY26 to bolster capacity
Economic Times
·
1m ago
Medial
UltraTech Cement plans to invest Rs 10,000 crore in FY26 to expand capacity and improve efficiency. The company achieved a significant capacity milestone of 188.8 MTPA and aims for 200 MTPA soon, driven by acquisitions like India Cements and Kesoram Industries. UltraTech expects cement demand growth of 6-7% in FY26, bolstered by government infrastructure investments. Despite recent market challenges, they foresee higher volume growth, improved margins, and a reduced net debt to EBITDA ratio.
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Aditya Birla Group Chairman Kumar Mangalam’s children Ananya, Aryaman join Hindalco board | Mint
Livemint
·
1y ago
Medial
Hindalco Industries, a subsidiary of the Aditya Birla Group, has appointed Ananya Birla and Aryaman Vikram Birla, the children of Kumar Mangalam Birla, to its board of directors. Ananya Birla is known for her entrepreneurship and music career, while Aryaman Vikram Birla has experience in entrepreneurship and venture capital investing. The board has also welcomed Anjani Kumar Agrawal and Sukanya Kripalu as independent directors, and Bharat Goenka as the CFO (Designate). The move follows the siblings' appointment to other key positions within the Aditya Birla Group in 2023. Hindalco Industries aims to focus on sustainability and a low-carbon future.
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Ananya Birla founded Svatantra to acquire Sachin Bansal's Chaitanya for Rs 1,479 crore
IndianStartupNews
·
2y ago
Medial
Billionaire Kumar Mangalam Biral daughter Ananya Birla founded Svatantra Microfin said it will be acquiring Chaitanya India Fin Credit, a wholly owned subsidiary of Sachin Bansal's Navi Group (Navi) for Rs 1,479 crore.
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It's battleground South India as UltraTech announces acquisition of India Cements
Money Control
·
1y ago
Medial
UltraTech Cement, India's largest cement maker, plans to acquire a majority stake in India Cements in a bid to expand its presence in Southern India. The move is aimed at breaking into a market dominated by regional players with strong brand recognition and dealership networks. The acquisition is subject to regulatory clearances and may intensify the competition for market leadership in Southern India, with rival Adani Cement also eyeing acquisitions and expansions. UltraTech Cement currently has an operational capacity of 149.5 million tonnes per annum (MTPA) in India and aims to reach 183.5 MTPA by 2027.
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ACC completes acquisition of Asian Concretes and Cements
Livemint
·
1y ago
Medial
ACC Ltd, a subsidiary of Ambuja Cement Ltd owned by Adani, has acquired the remaining 55% stake in Asian Concretes and Cements Private Ltd (ACCPL) for ₹425.96 crore ($57 million). The acquisition was funded internally and brings ACC's ownership of ACCPL to 100%. This acquisition raises ACC's total cement production capacity to 38.55 MTPA and increases the Adani Group's overall capacity to 77.40 MTPA. The group aims to expand this capacity to 106 MTPA by FY26. ACCPL operates a cement plant in Himachal Pradesh and a subsidiary in Punjab.
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‘Largest Indian investor in US’: Kumar Mangalam Birla on Aditya Birla Group’s $15 bn footprint - BusinessToday
Business Today
·
3m ago
Medial
Aditya Birla Group, led by Kumar Mangalam Birla, has invested a significant $15 billion in the US, making it the largest Indian investor there. The group's latest venture includes a $4 billion greenfield project in Alabama, aimed at enhancing aluminum beverage packaging and automotive solutions. This strategic development highlights the group's commitment to expanding its footprint and capabilities in the US market.
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'Abundance' of Stability, Transparency Make US an Attractive Investment Destination: Birla
OutlookIndia
·
3m ago
Medial
Kumar Mangalam Birla, chairman of the Aditya Birla Group, highlights the United States as an attractive investment destination due to its stability and transparency. Over the past 17 years, the group has invested $15 billion in the U.S., marking it as the largest Indian investor in the country. With significant ventures like a $4.1 billion aluminium rolling mill in Alabama, Birla emphasizes the group's commitment to long-term impact, employment, and shared global prosperity.
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Kumar Mangalam Birla eyes big play in Indian fashion with two-entity strategy
Economic Times
·
9d ago
Medial
Kumar Mangalam Birla announced a strategic plan to enhance Aditya Birla Group’s influence in the Indian fashion industry through two main growth entities: Aditya Birla Fashion and Retail Ltd (ABFRL) and Aditya Birla Lifestyle Brands Ltd (ABLBL). The strategy aims to capitalize on India's evolving market with new capital and a focus on organic growth and sustainability. With planned store expansions and an eye on double-digit growth, the group aims for significant industry impact amidst increasing demand and evolving consumer behaviors.
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Scale and long-term vision must for the survival of a biz, says KM Birla at HTLS 2024 | Company Business News
Livemint
·
9m ago
Medial
Kumar Mangalam Birla, Chairperson of the Aditya Birla Group, highlights the importance of scale for business survival in today's competitive landscape. He emphasizes that scale is not the only factor but often becomes a decisive one. Birla shares how the Aditya Birla Group aims to be among the top two in every sector it operates in, with a focus on long-term growth. He discusses the group's expansion in the cement and paints businesses, driven by distribution and customer proximity. Birla also stresses the significance of context, values, and people in the group's success.
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