Godrej Industries to Invest Rs 750 Crore in Chemical Expansion
Godrej Industries plans to invest over Rs 750 crore to expand its chemicals business, aiming to achieve a USD 1 billion global operation by 2030. The expansion includes increased capacities in fatty alcohols, uric acid, and other specialties, alongside boosting renewable energy usage to 75%.
- Country:
- India
Godrej Industries has announced its intention to inject over Rs 750 crore into its chemicals division over the next few years, as part of an expansive growth strategy.
This initiative aims to transform the business into a USD 1 billion global entity by 2030, focusing on significant capacity expansions.
Executive Director and CEO, Vishal Sharma, noted the company's ambition to consistently achieve double-digit growth in both volume and revenue, marking an exciting phase for Godrej Chemicals.
(With inputs from agencies.)
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