ADITYA BIRLA GROUP PLANS US$ 5 BIL­LION CAPEX OVER THE NEXT THREE YEARS

Marwar - - All Things [ Great And Small ] -

Ac­cord­ing to me­dia re­ports, Ku­mar Man­galam Birla, the chair­man of the Aditya Birla Group, has said that the group is plan­ning cap­i­tal in­vest­ment of US$ 5 bil­lion over the next three years, across its var­i­ous busi­nesses in In­dia and the USA. Of this pro­jected capex, US$ 3 bil­lion would be at­tracted by Aleris Cor­po­ra­tion, which the group’s Hin­dalco In­dus­tries’ US-based sub­sidiary, Novelis Inc, has an­nounced ac­quir­ing ear­lier this year. The rest would go into the con­glom­er­ate’s ce­ment, fi­nan­cial ser­vices, chem­i­cals and fi­bre busi­nesses within the coun­try and out­side.

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