Birla re-structures Indian Rayon activities

Mumbai, India — The Aditya Birla Group is restructuring its activities, including the Indian Rayon group. Although the move is primarily financial, it will result in Indian Rayon becoming one of the largest private sector companies in India, with sales of around Euro 750 million.

The new company will be called Aditya Birla Nuvo and wil be headed by the current managing drector of Indian Rayon, Sanjeev Aga. The carbon black activity will continue to be led by Dr. Rakesh Jain.

Under the new arrangement, Aditya…

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