BIRLACORPN

May 9 (Reuters) - Birla Corporation Ltd BRLC.NS:

• RECOMMENDS DIVIDEND OF 10 PER SHARE FOR FY 2024-25

• RE-APPOINTS SANDIP GHOSE AS MD & CEO FOR 3 YEARS

• APPROVES ISSUE OF NON-CONVERTIBLE DEBENTURES UP TO 2 BILLION RUPEES

• MARCH-QUARTER CONSOL NET PROFIT 2.57 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 28.15 BILLION RUPEES

• SETTING UP GREENFIELD CEMENT GRINDING UNIT OF 2.80 MILLION TONS/ANNUM CAPACITY

Source text: ID:nNSE505WnF

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Dec 5 (Reuters) - Birla Corporation Ltd BRLC.NS:

• BIRLA CORPORATION - GETS TAX DEMAND ORDER FOR 37.4 MILLION RUPEES

• BIRLA CORPORATION - TAX AUTHORITY HAS NOW SET ASIDE ENTIRE DEMAND INCLUDING INTEREST AND PENALTY

Source text: ID:nBSE8HscvT

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Oct 29 (Reuters) - Birla Corporation Ltd BRLC.NS:

• COMMISSIONER (APPEALS) HAS SET ASIDE TAX ORDER FOR TOTAL DEMAND OF 37 MILLION RUPEES

Source text: ID:nBSE7RZQgG

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Oct 23 (Reuters) - Birla Corporation Ltd BRLC.NS:

• SEPT-QUARTER CONSOL NET LOSS 251.9 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 19.53 BILLION RUPEES

Source text for Eikon: ID:nBSE2SrG2j

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Aug 30 (Reuters) - Birla Corporation Ltd BRLC.NS:

• GETS TOTAL TAX DEMAND ORDER OF 22.2 MILLION RUPEES

Source text for Eikon: ID:nNSE7DmsYs

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(Reporting by VijayDattaram Malkar)

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Aug 21 (Reuters) - Birla Corporation Ltd BRLC.NS:

• BIRLA CORPORATION - ISSUED COMMERCIAL PAPER WORTH UPTO 500 MILLION RUPEES

Source text for Eikon: ID:nBSE8ZD6wL

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** Shares of construction materials maker Birla Corporation BRLC.NS fall as much as 5% to 1,354 rupees, lowest since June 4

** BRLC said consolidated net profit slumped 45% to 326.2 million rupees ($4 mln), rev from ops down 9% Y/Y hurt by weak cement demand

** More than 409,000 shares change hands, 3.1x its 30-day avg

** Avg rating of 14 brokerages is a "buy"; median PT is 1,872 rupees - LSEG data

** Stock down 5% so far this year

($1 = 83.9230 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Birla Corporation Ltd BRLC.NS up 2.8% at 1,523.8 rupees

** BRLC reported profit in Dec-qtr vs a loss a year ago; profit the highest in 7 quarters

** Stock was flat before reporting results

** Over 898,000 shares traded, 5.3x the 30-day avg volume

** Fourteen analysts covering BRLC rate it "strong buy" on avg; median PT is 1,610 rupees - LSEG data

** Stock extends YTD gains to 5.8%

(Reporting by Nandan Mandayam in Bengaluru)

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Jan 22 (Reuters) - Birla Corporation Ltd BRLC.NS:

• COURT ALLOWED INCOME TAX APPEAL TREATING SALES TAX SUBSIDY 181.8 MILLION RUPEES AS REVENUE INSTEAD OF CAPITAL RECEIPT CLAIMED BY CO

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Jan 15 (Reuters) - Birla Corporation Ltd BRLC.NS:

• SUPREME COURT DIRECTED RADIUS OF 5 KMS FROM COMPOUND WALL OF FORT NOT BE SUBJECTED TO MINING BY BLASTING

• MANUAL/MECHANICAL MINING OPERATIONS PERMITTED WITHIN RADIUS OF 5 KMS ALLOWED TO BE CONTINUED

Source text for Eikon: ID:nBSE9nHSfn

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Jan 1 (Reuters) - Birla Corporation Ltd BRLC.NS:

• ORDER PERTAINING TO GST PASSED BY JOINT COMMISSIONER OF STATE TAX, SPECIAL CIRCLE, PATNA, BIHAR RECEIVED

• ORDER FOR GST AMOUNT OF 21.8 MILLION RUPEES, PENALTY OF 2.2 MILLION RUPEES

Source text for Eikon: ID:nBSE3sZRkP

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** Shares of Birla Corporation BRLC.NS up 2% at 1,393.35 rupees

** Brokerage Motilal Oswal reiterates "buy" rating on stock, raises PT to 1,700 rupees from 1,655 rupees, implying an upside of ~25% to its last close

** Motilal's PT is third-highest among 14 analysts tracking BRLC - LSEG

** BRLC's net debt, due to low profitability and high capex, is estimated to have peaked in FY24 and is anticipated to decline over FY25-26 - brokerage

** Expects revenue and EBITDA to grow at CAGR of 8.5% and 33% over FY23-26, led by higher sales, cost cutting and better realisation

** Analysts' avg rating on BRLC at "strong buy"; median PT is 1,467 rupees - LSEG

(Reporting by Kashish Tandon in Bengaluru)

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Dec 7 (Reuters) - Birla Corporation Ltd BRLC.NS:

• APPROVED EXTENSION OF TERM OF SERVICE OF ADITYA SARAOGI AS CFO FOR FURTHER 4 YEARS EFFECTIVE FEB 1, 2024

Source text for Eikon: ID:nNSE3rBvpr

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Nov 8 (Reuters) - Birla Corporation Ltd BRLC.NS:

• INDIA'S BIRLA CORPORATION LTD SEPT-QUARTER CONSOL NET PROFIT 583.7 MILLION RUPEES VERSUS LOSS 564.6 MILLION RUPEES

• BIRLA CORPORATION LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 22.86 BILLION RUPEES VERSUS 20 BILLION RUPEES

Source text for Eikon: ID:nBSE7rnQgQ

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Nov 6 (Reuters) - Birla Corporation Ltd BRLC.NS:

• APPROVED PROPOSAL TO SET UP A 1.40 MILLION TONS GREENFIELD CEMENT GRINDING UNIT AT PRAYAGRAJ, UTTAR PRADESH

• INVESTMENT REQUIRED AT 4 BILLION RUPEES

Source text for Eikon: ID:nBSE1BHmnJ

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Oct 10 (Reuters) - Birla Corporation Ltd BRLC.NS:

• RECEIVED ORDER FROM OFFICE OF COLLECTOR, SATNA IMPOSING PENALTY OF 84.3 MILLION RUPEES

• PENALTY FOR EXCESS PRODUCTION OF LIMESTONE FROM CAPTIVE MINING WITHOUT ENVIRONMENT CLEARANCE

Source text for Eikon: ID:nBSE8vWdtZ

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** Shares of Birla Corporation BRLC.NS up as much as 7.2% to 1,329 rupees, their highest level since Feb. 9, 2022

** Stock posts biggest intraday pct gain since May 30

** More than 430,000 shares changed hands by 12:41 p.m. IST, 3.7x the 30-day avg

** 15 of the 16 analysts on stock have "buy" or "strong buy" rating, while one recommends "hold"; median PT is 1,389 rupees - LSEG data

** Stock up 32% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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May 12 (Reuters) - Birla Corporation Ltd BRLC.NS:

• UNIT HAS ACQUIRED MINING RIGHTS COMPRISING OF 889.760 HECTARES AT KATNI, MADHYA PRADESH

Source text for Eikon: ID:nBSE6hDRSy

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May 9 (Reuters) - Birla Corporation Ltd BRLC.NS:

• MARCH-QUARTER CONSOL NET PROFIT 849.5 MILLION RUPEES VERSUS 1.11 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 24.63 BILLION RUPEES VERSUS 22.64 BILLION RUPEES

• DIVIDEND 2.5 RUPEES PER SHARE

• TO ISSUE REDEEMABLE NON-CONVERTIBLE DEBENTURES UPTO 2 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: [ID:]

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