Kesoram Industries

Kesoram Industries entered into a joint venture with Maharashtra Seamless Limited and Dhariwal Infrastructure Private Limited in 2012 for working a coal block allocated to it by the Central Government in Maharashtra.

[3] In 2018, Kesoram Industries demerged its tire manufacturing business Birla Tyres, as part of a debt reduction plan.

[4] Birla Tyres later filed for insolvency and was taken over by a consortium led by Himadri Speciality Chemicals and Dalmia Bharat Refractories.

[5] In 2019, after the death of Basant Kumar Birla, his daughter Manjushree Khaitan became the chairperson of Kesoram Industries.

[8] The sale is expected to complete by the end of 2024, leaving Kesoram Industries with its rayon and transparent paper packaging businesses held by its subsidiary Cygnet Industries.