Birla Corporation

Anupam Rasayan India Ltd will acquire a 24.96% stake in Tanfac Industries Ltd from Birla Group Holdings and other promoters for Rs 148.14 crore, and will launch an open offer for an additional 26% from public shareholders.

Birla Corporation Limited (MP Birla Group) inaugurated its Mukutban cement plant in Maharashtra, built with an investment of INR 2,744 crores. The plant has a capacity of 3.90 million tons of cement per annum and is powered by a 40MW thermal captive power plant.

Birla Corporation announced that commissioning of its Rs 2,450-crore Mukutban cement plant in Maharashtra is expected by December 2021. The project includes a 3.90-million tonne integrated cement factory with a 40 MW captive power plant and 10.60 MW waste heat recovery system.

Birla Corporation plans to expand the capacity of its grinding cement plant in Durgapur by installing a new cement mill (VRM) with 0.24 MTPA capacity, increasing total capacity to 1.5 MTPA, with an investment of Rs 72.5 crore.

Birla Corp announced plans to invest INR 50 billion (US$701.5 million) to increase total cement capacity to 25 million tonnes per annum by 2025. The first phase includes a new integrated plant at Mukutban, Nagpur (INR 24.5 billion) and a third line at its Lucknow facility (INR 2.5 billion), both scheduled for completion by mid-2021.

RCCPL, a wholly-owned subsidiary of Birla Corporation, approved the second phase expansion of its grinding cement plant at Kundanganj. The expansion will add 1.2 MTPA capacity, increasing total capacity to 3.20 MTPA, with an investment of Rs 250 crore.

Birla Corporation expects to complete its acquisition of Reliance Cement by September 2016. The deal was valued at US$711 million.