Godrej Industries to invest more than Rs 300 crore to expand its agri and chemical biz (03-Aug-2010)
Godrej Industries is planning a major expansion in its agriculture and chemical businesses at an investment of more than Rs 300 crore, out of which the company has earmarked Rs 230 crore for setting up a new chemical manufacturing unit at Ambernath, near Mumbai and another about Rs 75-crore will be invested in its animal-feeds arm for expansion.
Further, the company is also planning at setting up 4-5 animal feed units at an investment of Rs10-15 crore each in Maharashtra, Uttar Pradesh and south India. As Animal feed contributes around 50% of the total revenues of Godrej Agrovet. The company currently has 6-7 company-owned units besides operating 20-30 third party units with a total production capacity of around 1 million tonnes per annum (MTPA).
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