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March 31, 2015 8:48 PM ET

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Company Overview of Kesoram Industries Ltd.

Company Overview

Kesoram Industries Limited manufactures and sells tires, cement, rayon yarns, and chemicals in India. It offers tires and tubes, and flaps; cement; viscose filament rayon yarns; cellophane papers; transparent papers; and sulphuric acid, carbon-di-sulphide, sodium sulphate, and sodium sulphide products. The company markets its automobile tires under the Birla Tyres; cement under the Birla Shakti; viscose rayon filament yarns under the Kesoram Rayon; and transparent papers under the Kesophane brands. The company was formerly known as Kesoram Industries & Cotton Mills Ltd. and changed its name to Kesoram Industries Limited in 1986. Kesoram Industries Limited was founded in 1919 and is based in ...

Birla Building

8th Floor

9/1, R.N. Mukherjee Road

Kolkata,  700001

India

Founded in 1919

15,479 Employees

Phone:

91 33 2243 5453

Fax:

91 33 2210 9455

Key Executives for Kesoram Industries Ltd.

Kesoram Industries Ltd. does not have any Key Executives recorded.

Kesoram Industries Ltd. Key Developments

Kesoram Industries Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Kesoram Industries Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, net sales /income from operations was INR 12,111.8 million compared to INR 12,390.4 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 861.1 million compared to profit from operations before other income finance cost and exceptional items of INR 305.3 million a year ago. Loss from ordinary activities before tax was INR 2,446.0 million against loss from ordinary activities before tax of INR 882.8 million a year ago. Net profit was INR 2,446.0 million or INR 22.28 per basic and diluted share before and after extraordinary items compared to net profit of INR 882.8 million or INR 8.04 per basic and diluted share before and after extraordinary items a year ago. For the nine months, net sales /income from operations was INR 36,634.8 million compared to INR 37,393.4 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 2,328.3 million compared to profit from operations before other income finance cost and exceptional items of INR 274.7 million a year ago. Loss from ordinary activities before tax was INR 6,971.5 million against loss from ordinary activities before tax of INR 3,169.5 million a year ago. Net profit was INR 6,971.5 million or INR 63.51 per basic and diluted share before and after extraordinary items compared to net profit of INR 3,169.5 million or INR 35.19 per basic and diluted share before and after extraordinary items a year ago.

Kesoram Industries To Sell Haridwar Tyre Plant

Kesoram Industries Ltd. (BSE:502937) is seeking to sell its Haridwar Tyre Plant. A committee of Directors, appointed on June 26, 2014, today recommended hiving off the Haridwar plant into a subsidiary to reduce debt.

MRF, Apollo Tyres In Race To Acquire Kesoram Industries

MRF Ltd. (BSE:500290) and Apollo Tyres Ltd. (BSE:500877) are battling it out to acquire the main tyre unit of Kesoram Industries Ltd. (BSE:502937). MRF was the front-runner for the asset, while Apollo has recently entered the race. Apollo Tyres spokesperson said: "We do not comment on market speculation." Kesoram Industries Ltd. has denied reports of buyout talks between the Birlas and the MRF Ltd. and Apollo Tyres Ltd. A senior official of the company told The Hindu, “We are not in any discussion,” he said amid reports of buyout talks between the Birlas and the Apollo Tyre as well as MRF group.

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