Motilal Oswal: Birla Corp’s Expansion Plans Provide Growth Visibility  
A worker puts cement on brick before installing it on the side of a commercial building. (Photographer Patrick Fallon/Bloomberg)

Motilal Oswal: Birla Corp’s Expansion Plans Provide Growth Visibility  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Birla Corporation Ltd. at its board meeting revived the 1.2 million tonne per annum Kundanganj expansion and guided for the on-time commissioning of the 3.9 mtpa integrated plant at Mukutban.

These expansions provide strong visibility on growth as capacity utilisation is currently running high at approximately 85%.

Q2 FY21 results were also strong, with Ebitda growth of 23% YoY to Rs 3.8 billion and the highest ever Ebitda/tonne of Rs 1,174.

Click on the attachment to read the full report:

Motilal Oswal Birla Corp Q2FY21 Result Update.pdf


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