Diabytes
Birla Corporation News
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The company said the results of the period are not comparable due to its acquisition of Reliance Cement Company which became its wholly-owned subsidiary from August 22, 2016.
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Anil Ambani-owned Reliance Infrastructure has completed the sale of its 100 per cent shareholding in Reliance Cement Company (RCCPL) to Birla Corporation, the flagship Company of the MP Birla Group.
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Reliance Infrastructure (RInfra) Thursday sold its cement business arm to Birla Corporation for Rs 4,800 crore, a deal that will help Anil Ambani-led Group lower its debt burden.
Birla Corporation, flagship firm of the M P Birla Group, Tuesday said it will take legal action against Lafarge India over the firm's "inability" to go ahead with the deal to sell its Jojobera and Sonadih cement plants.
M P Birla Group firm Birla Corporation is looking to ramp up its cement production capacity to 15 million tonnes (MT) in the next four years.
Birla Corporation on Thursday reported a 9 percent growth in its standalone net profit at Rs 28.46 crore for the quarter ended March 31, 2015.
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