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2
January 2007
For the fiscal year ending 2006, the Group's
turnover stood at US$ 9.7 billion, with
a market capitalisation of US$ 15 billion.
Driving the growth of the Aditya Birla Group
are 82,000 committed employees, spread over
15 countries across the globe.
A
win-win situation for the Aditya Birla Group
and Hubei Jingwei
In line with the our business philosophy
of consolidation and reach, the Group's
flagship company Grasim Industries Limited,
along with Thai Rayon PT., Indo Bharat Rayon,
Indonesia formed a JV with Hubei Jingwei
Chemical Fibre Company, China for Viscose
Staple Fibre (VSF). The JV leverages on
the tremendous synergy between the Jingwei
Group's strong presence in the textile spinning
sector and our Group's dominance in the
VSF business.
Aditya
Birla Group concludes MoU for Rs. 1,200
crore cement project
Closer to home, Grasim Industries Limited,
a flagship company of the Aditya Birla Group
and the state government of Orissa concluded
an MoU to set up a 3.5 million tpa integrated
cement plant in the Sundergarh District
in Orissa. The plant will involve an investment
outlay of Rs.1200 crore and is expected
to be the largest cement project in Orissa.
Hindalco
in a JV with Almex
Hindalco, an Aditya Birla Group company,
entered into a joint venture partnership
with Almex USA Inc. for the manufacture
of high strength aluminium alloys for applications
in the aerospace, sporting goods and surface
transport industries. Apart from the synergies
and immense business potential, the Group's
innate need to ramp up its portfolio of
value-added products formed the premise
of the JV.
The
Aditya Birla Group to invest US$ 350 million
for plantations and pulp plant in Laos
In a bid to ensure that the Group's future
expansion needs for VSF are met, the Group
invested US$ 350 million in Lao People's
Democratic Republic (Laos) for setting up
of a project to raise pulp wood species
plantations and a pulp plant. The backward
integration strategy from the plantation
to the final VSF production is expected
to consolidate the Group's leadership position
in the cellulose fibre business.
Hindalco
to set up world-class aluminium smelter
Hindalco, the Aditya Birla Group's flagship
company, entered into an MoU with the Madhya
Pradesh government for a greenfield aluminium
smelter in Siddhi district. The aluminium
smelter, at an investment of Rs. 7,700 crore,
is expected to create 4000 to 5000 new jobs
and generate another 12,000 jobs indirectly.
TransWorks
announces success of bid
Demonstrating the Group's commitment to
emerge as a leading global BPO services
provider, TransWorks Information Services
Ltd. (TransWorks), an Aditya Birla Group
company, announced the successful completion
of its bid, through a wholly-owned subsidiary,
AV TransWorks Ltd., for Minacs Worldwide
Inc. (Minacs). The integrated expertise
of both companies will provide powerful
and compelling BPO solutions to clients.
Aditya
Birla Group increases equity stake in Idea
The Aditya Birla Group acquired the entire
48.14 per cent holding of the Tata Group
in Idea Cellular Ltd. With over the 10,000,000
subscribers, Idea's subscriber base approximately
covers 45 per cent of India's population.
Embarking on a 'success beyond numbers strategy',
Idea provides its customers an unparalleled
mobile experience synergising innovative
services with revolutionary and affordable
tariffs. No small wonder that Idea has raised
the bar in customer care and satisfaction.
Madura
Garments, making the right statement
Madura
Garments, the Aditya Birla Nuvo's garments
division, is a market leader in branded apparel.
It offers a wide range of ready-to-wear clothes
to cater to every market segment. Its power
brands are Van Heusen, Louis Philippe and
Allen Solly and its popular brand is Peter
England. This year proved to be a landmark
year for Van Heusen, it achieved the distinction
of becoming the largest brand in the country.
Allen Solly, the pioneer in Friday dressing,
was the star of corporate dressing. The star
cast in Madhur Bhandarkar's movie Corporate
donned Allen Solly garments, known for their
contemporary style at the workplace.
Aditya
Birla Group announces ESOPs
In a move to further deepen ownership and
accountability, the Group announced Employee
Stock Option Plan (ESOPs) in four of its
listed companies — Hindalco, Grasim,
Aditya Birla Nuvo and UltraTech. The ESOP
scheme not only bolsters the Group's employer
branding initiatives but also gives an edge
in the Group's efforts to attract and retain
talent.
Beyond
business
Going beyond business, the Group is engaged
in community work, in various meaningful,
welfare-driven initiatives that distinctly
impacted the quality of the weaker sections
of society. Carried out under the aegis
of the Aditya Birla Center of Community
Initiatives, the Group's community initiatives
touched the lives 5 million people in over
3,700 villages. Tens of thousands of villagers
now seem self-assured, confident and happy
at being able to move towards a sustainable
livelihood. There is a new found dignity
among them.
For
us, this is a way of living our values.
A way of transcending the conventional barriers
of business to send out a message that "we
care".
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