Godrej bets big on agri, chemical biz

Aug 03, 2010 |

Correspondent

ON THE back of a healthy growth in the June quarter, Godrej Industries Limited has chalked out a Rs 300-crore expansion plan for agri and chemical businesses. Godrej Industries has earmarked Rs 230 crore for setting up a new chemical manufacturing unit at Ambernath, near Mumbai and another
Rs 75 crore for expanding its animal-feed arm. “The last quarter has been very positive for Godrej Industries — the chemical and agri-feeds subsidiaries have posted strong growths. We are looking at setting up 4-5 animal feed units at an investment of Rs 10-15 crore each in Maharashtra, UP and south India,” GIL’s managing director, Mr Nadir Godrej, said on Tuesday.

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