MP Birla Cement
West Bengal
Contact Details
Birla Corporation Limited 1,Birla Corporation Limited (BCL) is the flagship company of the M.P. Birla Group. Incorporated as Birla Jute Manufacturing Company Limited in 1919, it was Late Shri Madhav Prasad Birla who took the Company to new heights. As the Chairman of the Company, he transformed it from a jute manufacturing company to a leading multi-product corporation with widespread activities.
Under the chairmanship of Shrimati ji Priyamvada Birla, the Company crossed the Rs. 1,300-crore turnover mark. In 1998, the name was changed from Birla Jute Manufacturing Company to Birla Corporation Limited.
After the demise of Shrimati ji Birla, the Company continued to consolidate in terms of profitability, competitiveness and growth under the leadership of late Shri Rajendra S. Lodha, the then Chairman of the M.P. Birla Group. Under his leadership, the Company posted its best ever results in the years ending on 31.3.2006, 31.3.2007 and 31.3.2008. The Company continued to record impressive growth in 2008-09 and 2009-10.
Shri Harsh V Lodha is now Chairman of the Company. It had a turnover of Rs 3,768.42 crore and net profit of Rs 157.35 crore in 2015-16.
The Company is primarily engaged in the manufacturing of cement as its core business activity. It has a significant presence in the jute goods industry as well.
BCL has acquired 100% shares of Reliance Cement Company Private Limited (Reliance Cement), a subsidiary of Reliance Infrastructure Limited (RIL). After this acquisition, Reliance Cement has become a wholly-owned material subsidiary of BCL. The entire cement business of RIL has been acquired for an Enterprise Value of Rs. 4,800 crores. This acquisition provides BCL with the ownership of high-quality assets, taking its total capacity from 10 MTPA to 15.5 MTPA.
