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On the downstream front, the Aditya Birla Group company has a target to quadruple EBITDA by FY30 compared to FY24 through the ramp up of new copper tubes plant and an e-waste recycling facility which will be India’s first and the world’s second largest.
Hindalco is considering a brownfield expansion of approximately 200,000 tonnes at its Aditya Aluminium smelter in Odisha, with a significant portion of the power requirements to be met through renewable energy sources, Birla said in his speech
This will be in addition to the paints vertical Birla Opus paints the group has already launched
The Aditya Birla Group company aims to achieve a Rs 10,000 crore gross revenue within three years of starting full-scale operations
Kumar Mangalam Birla also said that to 'ambitious, driven youngsters,' his advice may not seem easy at the moment.
Metrics still matter, even in the absence of perfect analogues. There is still value to investing in building a view to core metrics - operating profits, gross margins, and cash flows, KM Birla said.
A decadal reshaping of supply chains is underway. While this is complex, and India needs to stay the course, it could yield good results, he added.
The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business, the people said, asking not to be identified as the information is not public.
KM Birla resigned as the Chairman of Vodafone Idea on August 4, after stock exchanges sought the clarification, the complaint said.
Nearly Rs 15,900cr of non-adjusted gross revenue (AGR) spectrum dues become payable from April 2022.
Stock takes a beating as talks between the two telecom majors, Vodafone and Idea Cellular, is seen to be hitting its revenues and present a weak growth outlook for the firm in near and long term.
The special court was supposed to hear charges against the former Prime Minister Manmohan Singh and industrialist KM Birla in the Hindalco coal scam case.
India Inc stressed on the need for greater monetary easing atleast to the extent of 75 basis points and that the rupee must be allowed to depreciate to preserve domestic price competitiveness in global trade
The Centre was responding to states governments affidavit over the coal blocks allocation. The states governments' affidavit says that they have no role in the allocation of coal blocks and it was solely the Centre's decision.
The noted industrialist spoke after meeting Finance Minister P Chidambaram and Revenue Secretary Sumit Bose in the North Block office.
The government has reconstituted the board of Reserve Bank Of India and has appointed seven new directors, reports CNBC-TV18. These directors include M Rao (Chairman- Gmr Group, Anil Kakodkar (Former Chairman- Atomic Energy Commission) and Kiran Karnik (Former Chairman-Nasscom).
