Aditya Birla Group is set to be at the top in 2 major sectors and has invested $20 billion as an investment. According to the available information, the company primarily focuses on expanding its reach in the manufacturing space. Recently, during the Hindustan Times Leadership Summit, Aditya Birla Group’s chairman, Mr. KM Birla, unveiled some interesting and tough decisions the group has made in the past few days, including the acquisition of Novelis by Hindalco.
Hindalco has acquired Novelis intending to expand the cement business to 200 million tonnes in the next few years, currently around 100 million. Currently, Aditya Birla Group is ranked among the top 10 cement companies in India. This $20 billion investment will help the company to become the top 20
Now comes the $20 billion investment of the Aditya Birla Group, which is primarily focused on the manufacturing space. KM Birla has mentioned that the Birla Group wants to be among the top at one or two ranks in every business that they are doing and will do in the future. He said that nowadays it is difficult to survive as a business unless you have a unique product, very high technology, and a business that has high margins.
Mr. KM Birla has shared that they have built the capacity to produce 100 million tonnes of cement in 36 years but now planning to scale up to 150 million tonnes in just the next five years and aiming to hit 200 million cement production capacity in the next 10 years. Now it will be interesting to see how the Aditya Birla Group will scale its businesses and defeat competitors in every sector where they are working.