KOLKATA: Cement main Birla Company Ltd introduced a pointy bounce in its consolidated internet revenue to Rs 193 crore, up by 127 per cent, for the quarter ended March 2024. Decrease energy and gas prices mitigated the benign worth of the development materials in the course of the quarter as a result of unusually weak market situations, the corporate mentioned.
Consolidated income for the fourth quarter of the 2023-24 fiscal stood at Rs 2,682 crore, marking a 6.8 per cent development over the identical interval final 12 months.
Realisation from cement within the March quarter fell marginally by 1.6 per cent year-on-year to Rs 5,178 per tonne.
Birla Company, in a press release, talked about that after a gentle ramping up of the Mukutban unit in Maharashtra, its cement division, achieved capability utilisation of 97 per cent for the March quarter.
Cement costs remained weak by way of the final two quarters owing to a number of components and disruptions corresponding to Meeting elections in key geographies, officers mentioned.
The corporate’s wholly-owned subsidiary, RCCPL Non-public Ltd, accepted an funding of Rs 425 crore to enhance the capability of its Kundanganj unit by 1.4 million tonnes inside two years.
“A 3rd of the proposed funding will come from inside accruals. As cement consumption in India continues to develop, Birla Company is rolling out its subsequent part of capability addition to extend cement manufacturing to 25 million tonnes by fiscal 2026-27,” chairman Harsh Vardhan Lodha mentioned.
“The funding in capacity-building throughout useful verticals is mirrored within the spectacular ramp-up of the Mukutban unit, forward of the steering given by the corporate,” he added, stating that the corporate achieved an general enchancment in efficiency in 2023-24.
Consolidated income for the fourth quarter of the 2023-24 fiscal stood at Rs 2,682 crore, marking a 6.8 per cent development over the identical interval final 12 months.
Realisation from cement within the March quarter fell marginally by 1.6 per cent year-on-year to Rs 5,178 per tonne.
Birla Company, in a press release, talked about that after a gentle ramping up of the Mukutban unit in Maharashtra, its cement division, achieved capability utilisation of 97 per cent for the March quarter.
Cement costs remained weak by way of the final two quarters owing to a number of components and disruptions corresponding to Meeting elections in key geographies, officers mentioned.
The corporate’s wholly-owned subsidiary, RCCPL Non-public Ltd, accepted an funding of Rs 425 crore to enhance the capability of its Kundanganj unit by 1.4 million tonnes inside two years.
“A 3rd of the proposed funding will come from inside accruals. As cement consumption in India continues to develop, Birla Company is rolling out its subsequent part of capability addition to extend cement manufacturing to 25 million tonnes by fiscal 2026-27,” chairman Harsh Vardhan Lodha mentioned.
“The funding in capacity-building throughout useful verticals is mirrored within the spectacular ramp-up of the Mukutban unit, forward of the steering given by the corporate,” he added, stating that the corporate achieved an general enchancment in efficiency in 2023-24.
