Kesoram Industries aims at scaling up operations
Cement

Kesoram Industries aims at scaling up operations

Kesoram Industries Ltd, a maker of cement, is still fighting to get out of trouble and plans to expand operations and refinance its expensive debt in order to turn a profit.

As part of its plan to raise money by selling non-core assets, the B K Birla Group company, which has since demerged its tyre and rayon businesses to focus solely on cement, was looking to sell 21 acres of land to Hindustan Heavy Chemicals in West Bengal's Khardaha for 600 million this fiscal.

It reported a net loss of 1150 million in FY'23 and 1300 million in FY'22.

Speaking on the sidelines of the 104th AGM, Kesoram's full-time director and CEO P Radhakrishnan stated that the firm was focusing its efforts on scaling up operations and that it planned to sell 8 million tonnes of cement in the current fiscal year, up from 7.02 million tonnes in FY'23.


Kesoram Industries Ltd, a maker of cement, is still fighting to get out of trouble and plans to expand operations and refinance its expensive debt in order to turn a profit.As part of its plan to raise money by selling non-core assets, the B K Birla Group company, which has since demerged its tyre and rayon businesses to focus solely on cement, was looking to sell 21 acres of land to Hindustan Heavy Chemicals in West Bengal's Khardaha for 600 million this fiscal.It reported a net loss of 1150 million in FY'23 and 1300 million in FY'22.Speaking on the sidelines of the 104th AGM, Kesoram's full-time director and CEO P Radhakrishnan stated that the firm was focusing its efforts on scaling up operations and that it planned to sell 8 million tonnes of cement in the current fiscal year, up from 7.02 million tonnes in FY'23.

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?