India's Birla Corporation jumps on Q4 profit surge
** Birla Corporation BRLC.NS soars to exchange-allowed maximum of 20% to 1,268.80 rupees ** Cement maker's Q4 consol profit surges 32.7% y/y; revenue up 6% y/y ** Co to invest 8.6 bln rupees ($101.6 mln) to set up a 2.8 mln tons/year-capacity greenfield cement grinding unit in Bihar's Gaya ** Around 151,746 shares traded, more than 1.4x the 30-day avg ** BRLC gains 2.5% YTD ($1 = 84.6100 Indian rupees) (Reporting by Vijay Malkar) ((VijayDattaram.Malkar@thomsonreuters.com;))
Recent news on Birla
See all newsMideast conflict casts long shadow over Indian cement firms' margins, Axis Capital says
Brief: Birla Corporation Says Bikram Coal Mine Commences Commercial Coal Production
Brief: Birla Corporation Ltd Commences Mining Operations At Bikram Coal Mine In Madhya Pradesh
Brief: Birla Corporation Unit RCCPL Commissions Third Production Line At Kundanganj Unit
Brief: Birla Corporation Says India Court Dismisses Two Civil Revisional Applications