Hindustan Times ST (Mumbai) - - WORLD -

NEW DELHI : Tata Star­bucks, a 50:50 joint ven­ture (JV) be­tween Tata Global Bev­er­ages (TGBL) and Star­bucks Cof­fee of the US, is plan­ning to add up to 10 new stores in the next two months, tak­ing the to­tal count to around 145 out­lets, said a top com­pany of­fi­cial. The premium cof­fee chain is in­creas­ing the num­ber of roll outs as it is get­ting over­all good con­sumer re­sponse, said TGBL. “We cur­rently have around 136 stores and we would open another be­tween 5 to 10 stores by the end of the year (fis­cal). We have seen an in­crease in the store roll out. We look at ac­ti­vat­ing more stores roll out in the next few years, what we have seen in the past,” TGBL Group chief fi­nan­cial of­fi­cer L Kr­ish­naku­mar told PTI.

Voda Idea plans ₹20,000 cr net­work in­vest­ment

NEW DELHI: The coun­try’s largest tele­com firm Voda­fone Idea is plan­ning to in­vest around

₹20,000 crore in net­works over the next 15 months, ac­cord­ing to com­pany of­fi­cials. “We have given capex of ₹270 bil­lion for fi­nan­cial year 2019 and fi­nan­cial year 2020, com­bined to­gether. Out of that, roughly ₹70 bil­lion has been spent in first nine months. In next 15 months we are look­ing at capex de­ploy­ment of ₹200 bil­lion,” Voda­fone chief fi­nan­cial of­fi­cer Ak­shaya Moon­dra told an­a­lysts in a tele­con­fer­ence. The com­pany is also plan­ning to raise ₹25,000 crore through rights is­sue, in which the pro­moter share­hold­ers have re­it­er­ated to the board that they in­tend to con­trib­ute up to ₹11,000 crore and ₹7,250 crore, re­spec­tively as part of such rights is­sue.

Ba­jaj Elec­tri­cals aims 48% jump in rev­enue this fis­cal

NEW DELHI : Con­sumer durables maker Ba­jaj Elec­tri­cals is eye­ing around 48% growth in rev­enue to ₹7,000 crore this fis­cal, mainly driven by ro­bust per­for­mance of its engi­neer­ing pro­cure­ment and con­struc­tion (EPC) seg­ment, said a top com­pany of­fi­cial. The com­pany’s ma­jor growth is com­ing from its EPC seg­ment, on the back of big or­ders of power dis­tri­bu­tion and trans­mis­sion line projects in Ut­tar Pradesh. “We would end cur­rent fis­cal with around ₹6,800 crore to ₹7,000 crore as per our es­ti­mates,” Ba­jaj Elec­tri­cals chair­man and man­ag­ing di­rec­tor Shekhar Ba­jaj told PTI. Ba­jaj Elec­tri­cals had posted a rev­enue of ₹4,716.39 crore last fis­cal, in which EPC had con­trib­uted around ₹2,500 crore.

Voltas to in­vest ₹500 crore to set up plant in Tiru­pati

NEW DELHI: Tata Group firm Voltas on Sun­day said it will in­vest over ₹500 crore to set up a man­u­fac­tur­ing fa­cil­ity in Tiru­pati, Andhra Pradesh. “This fa­cil­ity will ini­tially man­u­fac­ture and as­sem­ble air con­di­tion­ers and re­lated cool­ing prod­ucts with a to­tal ca­pac­ity of more than 1 mil­lion units to start with,” the com­pany said in a BSE fil­ing. Voltas said it aims to cre­ate tech­no­log­i­cally ad­vanced prod­ucts which are ex­pected to start rolling out from the sec­ond half of 2020. The com­pany plans to in­vest over ₹500 crore while putting to­gether an orig­i­nal equip­ment man­u­fac­turer (OEM) base for home ap­pli­ances, and si­mul­ta­ne­ously cre­at­ing lo­cal em­ploy­ment op­por­tu­ni­ties in the re­gion. The choice of Andhra Pradesh as the des­ti­na­tion for the new man­u­fac­tur­ing unit was due to the state’s ease of do­ing busi­ness and grow­ing fo­cus on ‘Make in In­dia’.


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