BirlaNu Acquires Clean Coats for Rs 120 Crore, Reports H1FY26 Revenue of Rs 1,862.43 Crore

BirlaNu Limited (formerly HIL Limited), part of the CKA Birla Group, announced key outcomes from its Board Meeting held on November 7, 2025. The company approved its financial results and a strategic acquisition aimed at expanding its Construction chemicals segment.

The Board approved the acquisition of 100 per cent of the issued and paid-up equity share capital of Clean Coats Private Limited for up to Rs 120 crore, structured as a cash consideration. The acquisition is based on an enterprise value of Rs 92.50 crore on a cash-free and debt-free basis, subject to working capital and other adjustments. Clean Coats, incorporated in 1999, manufactures and applies specialty coatings, epoxy/PU flooring, and waterproofing systems. It reported a turnover of Rs 51.97 crore for FY 2025. The transaction is expected to be completed by November 30, 2025.

Commenting on the acquisition, Akshat Seth, Managing Director and CEO of BirlaNu, stated that it supports the company’s plan to double its portfolio within three years with an investment outlay exceeding Rs 1,300 crore. Avanti Birla, President, added that Clean Coats’ technical expertise and export strength will be integrated with BirlaNu’s market presence and execution scale.

For the first half of FY 2025-26, BirlaNu reported standalone revenue from operations of Rs 1,20,639 lakh and a profit after Tax of Rs 2,464 lakh. On a consolidated basis, revenue stood at Rs 1,86,243 lakh, while the total comprehensive loss attributable to owners was Rs 950 lakh.

The Board also approved the sale of a 2MW wind power project located in Jaisalmer, Rajasthan, with a net book value of Rs 630.80 lakh, subject to the finalization of buyer terms. Additionally, the company received a favorable order from the Honourable High Court of Madras, quashing GST Department demands related to HSN classification, amounting to Rs 7,630 lakh for the period between 2017 and 2023.

HIL Limited (HIL) is a part of the C.K. Birla Group and is headquartered in Hyderabad. It is one of the leading Companies in the building materials and construction industry with robust product pipeline and wide range. The company manufactures asbestos FC sheets, coloured steel sheets, non-asbestos corrugated roofing sheets, new generation building products like autoclaved aerated concrete (AAC) blocks (light bricks) that are used for walls in building constructions and aerocon panels and boards that are used as partition in residential and commercial buildings.

The stock price has given 15 per cent returns from the 52-week low.

Disclaimer: The article is for informational purposes only and not investment advice.