Birla Corporation has announced that it has registered PAT (profit after tax) of Rs 118.28 crore during the first quarter of the existing financial year.

The M. P. Birla Group flagship company said that the PAT showed a 23.86% fall, as the company recorded a profit of Rs 155.34 crore in the same period of the last year.

During the period under review, the company's chairman H. V. Lodha stated that the profitableness was impacted by lower cement realization, extra use of outsourced clinker, lofty transportation costs, power and fuel expenditures and augmentation in packing materials costs and also decrease in other earnings by Rs 22.20 crore.

At its meeting on Wednesday, the board of Birla Corp sanctioned the capacity increase at Chanderia from the existing 3,600 TPD of clinker to 6,000 tonne per day.

With this, the matching cement capacitance would increase to around 2.7 million tonne from 1.2 million tonne.

Together with this, the capability of the 35 MW power facility sanctioned earlier, has been increased to 50 MW.

The overall cost of this incremental capability will be Rs 273 crore.