Textiles division's revenues have dropped by 4 per cent from Rs. 154.8 crore to Rs. 148.8 crore. In the wool segment, revenues have stepped up.
In line with its strategy to exit from the synthetic segment, the Rajashree Syntex unit at Midnapur was divested on 1 July 2007. Operating profits have been flat at Rs. 15.9 crore despite downsizing in the synthetic segment.
The Board of Directors of the company, at its meeting held on 3 May 2007, have approved, subject to requisite approvals, the merger of Aditya Birla Insulators Limited (ABIL), a wholly owned subsidiary of the company, with the company with effect from 1 April 2007 through a Scheme of Amalgamation (Scheme), u/s 391 to 394 of the Companies Act, 1956.
On the Scheme coming into effect, the business of ABIL will be transferred to the company on an on-going concern basis.
• Madura Garments will aggressively pursue retailing of lifestyle and popular brands by expanding its reach with larger store size besides creating specialised outlets • Carbon black is working on the environmental clearance for 1,20,000 tpa greenfield project in Western India • Textiles will increase its capacity in linen fabrics and flax yarns • Fertilisers will focus on de-bottlenecking to increase capacity • Insulators business is expanding its capacity and investing for yield improvement • Telecom will strengthen and expand its network in existing circles and better its reach through a roll-out in Mumbai and Bihar circles. Plans for acquiring licences in the remaining circles are underway • Birla Sun Life Insurance's emphasis is on regaining its market position of being amongst the top three, increasing the branch network, strengthening its agency force and launching contemporary products • AMC and distribution have aggressive branch opening plans as well • The BPO business is working on a global delivery model with an additional share of KPO business In most of our businesses, we are going ahead with our investment plans to leverage growth opportunities. Aditya Birla Nuvo is very optimistic about meeting the challenges of strategic growth initiatives and stretching out in the short term.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
