Birla Corporation's Q1 FY24 Net Profit Declines by 3.57%

11 Aug 2023 CW Team

Birla Corporation, a prominent name in the cement industry, has reported a 3.57% dip in its net consolidated profit for the first quarter of the fiscal year 2023-24. The profit after tax stood at Rs 597.1 million in Q1 FY24, compared to Rs 619.2 million in the corresponding quarter of the previous fiscal. Despite the dip in profit, the company's net consolidated total income experienced growth, reaching Rs 24.24 billion in Q1 FY24, a 9.31% increase from Rs 22.18 billion in the same quarter last year. The company's net worth as of June 30, 2023, was Rs 50.84 billion, with a debt-equity ratio of 0.81 and a net profit margin of 2.53%. During this quarter, RCCPL, a wholly-owned subsidiary, acquired 100% equity share of Sanghi Infrastructure M.P. Birla Corporation also achieved a capacity utilisation of 91% for the quarter, with a 21% sequential rise in dispatches from its Mukutban plant. The company faced challenges with soft prices impacting core markets, but power and fuel costs per ton for cement production fell 19% year-on-year.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..