Godrej Industries To Invest Rs 230 Crore For Oleo Chemicals Facility (27-Jul-2010)
Godrej Industries has received its board’s nod to invest about Rs 230 crore for setting up an oleo chemicals facility at Additional Ambernath, Thane District in Maharashtra. The same will be funded through a mix of internal accruals and debt.
The company’s board gave its approval for the same at its meeting held on July 27, 2010.
Godrej Industries’ net profit had expanded by 2210.34% to Rs 13.40 crore for the quarter ended June 30, 2010 as compared to Rs 0.58 crore for the quarter ended June 30, 2009.Its total Income had grown by 17.68% from Rs 205.63 crore for the quarter ended June 30, 2009 to Rs 241.99 crore for the quarter ended June 30, 2010.
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