/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
This investment comes amid the tough competition that the Aditya Birla Group’s metals flagship company is facing from the Adani Group’s Kutch Copper.
Aditya Birla Group chairman Kumar Mangalam Birla on Thursday announced that the conglomerate’s metals flagship company Hindalco Industries will be investing Rs 45,000 crore into its copper and aluminium segments.
“We are committing Rs 45,000 crore across the aluminium, copper and specialty alumina businesses,” he reportedly said in his address at a company event. It also marked the launch of Hindalco’s new brand identity.
“Our primary aluminium production has expanded from a modest 20,000 tonnes in Renukoot to 1.3 million tonnes today, making us India’s largest fully integrated producer,” he said. “...we are on track to surpass 1 million tonnes …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
The Sprng Energy acquisition gives Aditya Birla Renewables instant scale and diversification. But high leverage, execution delays and margin pressures point to a tough test ahead.
