To cut expenditure on logistics, UltraTech Cement is set to build a Rs 100-crore terminal at the Mumbai Port to transport cement from its plants in Gujarat into Mumbai. By doing so, the Aditya Birla Group's company wants to cut logistics costs and go deeper into one of the largest cement markets in India.
Tag: Aditya Birla Group
Post
Post
Birla ready with Rs 750 cr for its banking biz entry
If the Aditya Birla Group gets license from the Reserve Bank of India (RBI) to set up banking business, the Group is ready to pump in Rs 750 crore more into its financial business in 2014 fiscal. The company's officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Post
Integral leadership
Sumant Sinha is the Chairman and CEO of ReNew Power. He brings his vast experience in the Indian renewable eneÂrgy space, international finance, comÂbined with unique operating experience to the firm. Prior to setting up ReNew Power, Sumant was the Chief Operating Officer (COO) of Suzlon Energy. Sumant was responsible for refinancing SuzlonÂ’s entire outstanding debt worth $3 billion, raised an additional $800 million and restructured $500 million worth of foreign convertible bonds in an extremel
Post
Expressways can't be built without corporate bonds
Overdependence on bank funding of infrastructure will put unreasonable pressure on those financial institutions.
- 1
- 2