Birla Cement: ₹4,335 Crore Expansion Drive

Birla Corporation, the flagship company of the MP Birla Group, is entering a major growth phase with a planned investment of ₹4,335 crore aimed at expanding its production capacity. This investment includes setting up three new cement grinding units and expanding an existing integrated plant.

The move follows a strong Q4 performance in FY24, during which the company posted a 33% year-on-year increase in consolidated net profit, reaching ₹256.60 crore. This growth was supported by robust operational revenue and favorable market conditions. Revenue rose 6% year-on-year to ₹2,814.91 crore, compared to ₹2,654.44 crore in the same quarter last year.

Both Birla Corporation and its subsidiary, RCCPL, are strategically positioning themselves to meet rising cement demand and strengthen their market presence. Specific details on the locations and timelines of the new facilities are expected to be announced soon. This expansion reflects the company's commitment to scaling operations and leveraging positive industry momentum.

News by Rahul Yelligetti.