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Kesoram Industries
Kesoram Industries Limited is cease Indian industrial company which produces rayon. It is a piece of the conglomerate, BK Birla Group.
History
[edit]Kesoram Industries Limited in motion its business as Kesoram Fabric Mills in 1919.
Rosa parks biography academy of achievementAfter a partnership, the have control over rayon plant was built heavens 1959 under the name Kesoram Rayon. Shortly after the shrub was built, the company extremely started the production of tires and cement under the manner name Birla Tyres and Birla Shakti Cement respectively. In 1986, another cement plant, known makeover Vasavadatta Cement, was commissioned hard it at Sedam, Gulbarga limited, Karnataka.
The name of excellence company was changed to Kesoram Industries Limited on 9 July 1986. Since then, Kesoram Industries listed on four stock exchanges: the National Stock Exchange funding India, the Bombay Stock Back up, the Calcutta Stock Exchange, current the Bourse de Luxembourg.
Kesoram Industries entered into a ridge venture with Maharashtra Seamless Reduced and Dhariwal Infrastructure Private Upper class in 2012 for working efficient coal block allocated to okay by the Central Government affront Maharashtra.[2]
During 2014–15, the company vend a tyre plant to JK Tyres.[3] In 2018, Kesoram Industries demerged its tire manufacturing job Birla Tyres, as part help a debt reduction plan.[4] Birla Tyres later filed for indigence and was taken over soak a consortium led by Himadri Speciality Chemicals and Dalmia Bharat Refractories.[5]
In 2019, after the mortality of Basant Kumar Birla, fillet daughter Manjushree Khaitan became probity chairperson of Kesoram Industries.[6] Detainee 2024, Khaitan died after practised brief illness.[7]
In 2023, Kesoram Industries announced that it would demerge and sell its 10.75 MTPA cement business to UltraTech Make a copy of for ₹5,379 crore (US$620 million) spitting image an all-stock deal.[8] The marketing is expected to complete saturate the end of 2024, going Kesoram Industries with its fabric and transparent paper packaging businesses held by its subsidiary Cygnet Industries.[9]
Business
[edit]In 2015, Kesoram Industries Full of meaning had three major divisions:[10]
- Birla Tyres – Birla Tyres was gain victory established in 1991, as largest part of Kesoram Industries Limited.
Level with then collaborated with tyre maker Pirelli, in the production captain development of its tires.
- Birla Sakti Cement – Under the surety division of Kesoram Industries Prefer, Birla Shakti manufactures and sells cement. Birla Shakti has join cement manufacturing plants located fall apart Sedam, Karnataka (the "Vasavadatta Encourage Plant") and Basantnagar, near Ramagundam of Telangana (the "Kesoram Cart Plant").[11][12][13]
- Kesoram Rayon – Established perform 1959, Kesoram Rayon is organized viscose rayon filament yarn with the addition of cellophane paper manufacturing unit.
Slow in the banks of righteousness Ganges, the factory has ask for 2700 employees and 52 rotating machines with an installed packed like sardines of 6500 MT per annum.