Primarily a cement manufacturing company, the board of Birla Corporation approved the proposal for issue of non-convertible debentures (NCDs) aggregating up to Rs 200 crore on private placement basis in one or two tranches.
The board also approved capital expenditure towards increasing capacity by way of setting up a greenfield cement grinding unit with a capacity of 2.80 million tonnes per annum at Gaya in Bihar in a phased manner.
The debt-equity ratio of the company at the end of March 2025 quarter decreased to 0.56 as compared to 0.67 in the previous corresponding period.
Net profit margin of the company at the end of the fourth quarter of the last financial year increased to 9.27 per cent as against 7.42 per cent in the previous similar period.
