Birla Estates buys land from Hindalco
In September 2024, Birla Estates’ arm Ekamaya Property purchased a 24.5-acre land parcel in Kalwa, near Mumbai, from Hindalco Industries for ₹537 crore. The land is located along the Thane-Belapur Road, which is close to Thane and Navi Mumbai.
Birla Estates sells residential real estate in Bengaluru
In October 2024, Birla Project sold residential real estate worth ₹600 crore in Bengaluru.
Century Textiles rebrands as Aditya Birla Real Estate
In October 2024, Century Textiles & Industries Ltd changed its name to Aditya Birla Real Estate. The company’s scrip symbol was also updated from CENTURYTEX to ABREL.
Here are some other recent news updates about Birla Estates:
Birla acquired 5 acres of land in Sector 71, Gurugram in June 2024.
Birla acquired 16.5 acres of land in Punes Manjri in June 2024.
Birla Group and Barmalt India are partnering to develop a luxury housing project in Gurugram.
Birla Group announced sales of ₹2,500 crore for Silas at Birla Niyaara in May 2024
Birla Carbon, a prominent manufacturer and supplier of carbon solutions, has made headlines with its recent announcement regarding the establishment of its first operation in South Carolina. This project represents a significant investment of $1 billion and is expected to create 124 new jobs in the region. The facility will be located at the Tri-County Industrial Site in Orangeburg County and will focus on producing synthetic graphite for various applications, including electric vehicles and energy storage systems.
Realty firm Birla Estate Private Ltd on
The new plant will span 435,000 square feet and is designed to support the production of anode active materials sufficient for over 40-gigawatt hours (GWh) of battery plants. Initially, it aims to produce 25,000 tons of synthetic graphite annually. Operations are projected to commence in 2026, with employment opportunities anticipated to be available by 2025. In addition to job creation, Birla Carbon plans to provide education and internship opportunities for local residents, as well as childcare subsidies for employees.
Birla Group Land Acquisition
In another significant move within the Aditya Birla Group’s real estate sector, Birla Estates has acquired a land parcel measuring 24.5 acres in Kalwa near Mumbai for ₹537 crore (approximately $65 million). This acquisition is strategically positioned along the Thane-Belapur Road, enhancing accessibility to Thane and other key areas within the Mumbai Metropolitan Region (MMR). The transaction was officially registered on September 4, 2024.
Birla Group
This purchase aligns with the growing demand for both residential and commercial properties in Mumbai’s real estate market. Birla Estates aims to capitalize on this trend by developing premium housing projects that cater to modern homebuyer preferences for amenities and open spaces.
These developments reflect Birla Group’s ongoing commitment to expanding its operations across various sectors, including carbon manufacturing and real estate development. The investments not only signify growth for the company but also promise economic benefits for the regions involved through job creation and infrastructure development.
