The RPG group has earmarked an investment of Rs 12,000 crore for power and Rs 450 crore for carbon black as two of its thrust business focus areas over the next 2-3 year.
The investment of Rs 450-crore has been earmarked for its carbon black business and has identified three states where it is assessing the project’s prospects.
Asked whether the group was considering a gas-based power project, he said non-availability of gas precluded such a project. “I would love to set up a gas-based project, but then, where is the gas?” he asked.The group was also expanding capacity at its CESC plant whose efficiency, he said, had reached new highs since the group took it over.
Read more in The Business Standard article.
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