Birla Corp Chairman's AGM Speech Highlights Expansion and ESG Focus
Birla Corporation Limited's Chairman addressed the 106th Annual General Meeting, outlining the company's resilient growth strategy amidst industry challenges. Key achievements include the commissioning of a third production line at Kundanganj, increasing annual cement capacity to 21.4 million tons with a ₹300 crore capex, and a target of 27.6 million tons by 2028-29. The company emphasizes operational discipline, near-full capacity utilization, and a strong focus on sustainability, with nearly 90% blended cement sales and an increasing green power mix (33% by June quarter). The jute division faced raw material shortages and price spikes but achieved efficiency improvements and a cash profit of over ₹4 crore in the June quarter. The company is also advancing ESG benchmarks, including recruiting women for underground mining operations.
Key Highlights
- Expanded cement capacity to 21.4 MTPA with ₹300 Cr capex, targeting 27.6 MTPA by 2028-29.
- Achieved near full capacity utilization despite industry overhang and pricing pressure.
- Increased green power mix to 33% and focuses on low clinker-to-cement ratio for ESG.
- Jute division reported cash profit despite raw material challenges.
- Recruited 28 women for underground coal mine operations, advancing gender diversity.
Price Impact
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