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Godrej and Boyce to expand in Chennai with Rs 3.5-4 bn manufacturing facility
Industry News- Jul 27,24
The 27-acre Ambattur plant currently has a capacity of 90,000 tonnes per annum and has reached up to 66,000 tonnes during peak times.
Godrej and Boyce is planning to expand its presence in Chennai by establishing a new manufacturing facility on the city's outskirts, with an investment of approximately Rs 3.5-4 billion. Vikas Choudaha, Executive Vice-President and Business Head, Godrej Solutions, announced that this expansion aims to increase production capacity in response to anticipated sector growth over the next two decades.
The 27-acre Ambattur plant currently has a capacity of 90,000 tonnes per annum and has reached up to 66,000 tonnes during peak times. The company is targeting a turnover of Rs 5 billion in exports by the financial year 2027-28, aiming for overall growth of Rs 16 billion in the next two to three years.
(Source: TNIE)
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