Aditya Birla Chairman Predicts Major Growth in Building Materials Business

21 Aug 2024 CW Team

Aditya Birla Group Chairman Kumar Mangalam Birla has expressed optimism about the future of the building materials business, anticipating substantial growth in the sector. Speaking at the company's annual general meeting, Birla emphasised that rising infrastructure and real estate developments across India will drive the demand for building materials.

The Group?s building materials division, which includes cement, paints, and aluminium products, is expected to benefit from the surge in construction activities. Birla highlighted the government's focus on infrastructure projects, affordable housing, and urbanisation as key growth drivers. These initiatives are expected to create an increased demand for quality construction materials, providing a significant boost to the company's business.

Additionally, the Group is investing in research and development to introduce sustainable and innovative building materials. This focus on eco-friendly products aligns with the global shift towards greener construction practices. Birla noted that as environmental concerns grow, the demand for sustainable building materials will only increase.

The Aditya Birla Group plans to leverage its strong market presence and technological advancements to capitalise on these emerging opportunities. With a diversified portfolio in the construction materials sector, the company is well-positioned to meet the rising demand and contribute to the nation?s growth.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..