Birla Corporation Limited announced that the Company has fully redeemed the outstanding 1500 Unlisted, Secured, Redeemable Non-Convertible Debentures (NCD), Series-VIII of INR 4,00,000/- each aggregating to INR 60,00,00,000/- on due date of maturity i.e. 6th December, 2024 along with the applicable interest amounting to INR 3,57,58,524.59/-. Post the above redemption, the Company has outstanding NCDs aggregating to INR 3250 million under different ISINs.
Birla Corporation Limited is an India-based holding company. It is primarily engaged in the manufacturing of cement and clinker. It also manufactures jute products and steel castings. Its segments include cement, jute and others. The Cement Division has over 10 plants at eight locations. It manufactures varieties of cement like Ordinary Portland Cement (OPC-43 & 53 grades), Portland Pozzolana Cement (PPC-fly ash-based), Portland Slag Cement (PSC), Sulphate Resistant Cement and Composite Cement. Its cement products are marketed under the brand names of MP Birla Cement PERFECT PLUS, RAKSHAK, SAMRAT ADVANCED, ULTIMATE ULTRA, UNIQUE PLUS, SAMRAT, ULTIMATE, CHETAK, PSC, and MULTICEM & CONCRECEM. Its cement product has application in Metro line, airport runway, reservoirs, industrial building, and others. The Company is manufacturing over 120 tons of a variety of jute products in Birla Jute Mills. Its jute product range applications include yarns, bags, ropes, mats, carpets, and panama.
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