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RCCPL, a wholly-owned subsidiary of Birla Corporation, on Monday commissioned the third line of production at its Kundanganj unit, scaling up production capacity by 1.4 million tons (mt). Post this expansion, Birla Corporation's consolidated production capacity stands at 21.4 mt, and, as announced by the Company earlier, it is to be further expanded to 27.6 mt by 2028-29. The estimated cost of the Kundanganj expansion is around Rs 300 crore.
The 1.4-mt increase in grinding capacity is expected to create close to 100,000 direct and indirect jobs as well as strengthen Birla Corporation's competitiveness in its core markets in central and eastern Uttar Pradesh. Additional clinker is to be sourced from the Company's integrated units at Satna, Chanderia and Mukutban.
Bosch and Tata AutoComp Systems (TACO) announced a joint venture to unlock growth opportunities in India's e-mobility segment. The partners plan to hold equal shares in the joint venture, which aims to start its operations by mid-2026, subject to receiving all regulatory approvals.
The joint venture will focus on engineering, manufacturing and sales of eAxle systems and electric motors in India. With a registered office in Pune, this joint venture aims to accelerate the adoption of sustainable and forward-looking technologies, thereby expanding the regional footprint for both companies in the e-mobility space.
Euro Pratik Sales announced the acquisition of a 51% stake in Chawla Brothers, a well-established decorative surfaces business in North India. The acquisition, valued at Rs 33.2 crore (including capital infusion of Rs 4.1 crore), is expected to be completed by 31 March 2026, and will be funded through internal accruals. The business is expected to generate a projected revenue of Rs 80 crore in FY27.
This marks the company's second strategic acquisition within the last four months, following the acquisition of URO Veneer World, which enabled Euro Pratik to strengthen its presence in the southern market. Together, these acquisitions reflect the company's focused strategy to expand its geographic footprint and deepen its presence across India.