Aditya group plans to invest Rs77000 Cr on new capacities. Novelis, a US based aluminium maker, was the largest investment which is done in 2007.Hindalco which is lead by Novelis will invest Rs54000 Cr by 2026-27 in an aluminium can plant. This is because the demand for aluminium products from beverage can makers and automobile sector had been increases.
Ultratech, India's largest cement maker, announced investing Rs13000 Cr. This is made due to the entry of Adani family who acquired Ambuja and ACC for $10.5 billion.
The company had doubled it's capacity over the past five years and aims at future needs of India's infrastructure. The expansion would result in a capacity growth of 159.25 mtpa.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.