Support and Resistance Levels
Past performance
About Kesoram Industries Ltd Kesoram Industries Limited, established in 1919, is a diversified Indian company with a rich history in manufacturing and trading. Initially involved in textile production, it expanded into multiple sectors including tyres, cement, and chemicals. The company's tyre operations, branded as 'Birla Tyres', were significant until they were spun off into a separate entity in 2019. With an emphasis on quality, Kesoram's products have been factory-fitted in vehicles by major Indian OEMs like Tata Motors and Ashok Leyland. The company is recognized for its export capabilities in over 20 countries.
In its cement segment, Kesoram has notable production facilities like the Vasavadatta Cement plant. The company has periodically expanded its cement capacity to meet growing demand. In a strategic move to focus its operations, Kesoram's board has recently approved a scheme to demerge its cement business and merge it with UltraTech Cement Limited, effective April 2024. This restructuring aligns with Kesoram's ongoing efforts to streamline its operations and focus on core activities.