Kesoram Industries is planning to restructure its businesses. In this regard, the company has appointed McKinsey to prepare a report and give an overall strategic vision for the sustained growth.
The company is into cement and tyres business however, there are business interests in spun pipes, rayon and chemicals too. While the first two are non-operational divisions of the company, a closed entity-Hindusthan Heavy Chemicals, a subsidiary - still exists in its books.
The company management is also looking at revamping product lines with an eye on boosting the bottom line. The company’s tyre division suffered severe margin pressures due to high rubber prices while; cement operations faced depressed pricing due to overcapacity in the industry.
Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange. It is the flagship company of BK Birla group of companies.
