Poging GOUD - Vrij
BirlaNu Plans $150 Mn Investment in 3 Years
Mint New Delhi
|March 24, 2025
It will boost manufacturing, fund acquisitions to become a $1 bn company
K Birla Group's flagship BirlaNu, formerly known as HIL Ltd, is set to invest around $150 million (₹1,300 crore) to help achieve its target of becoming a $1 billion (about ₹8,600 crore) company by 2028 and revive growth.
The Hyderabad-based firm will look to expand manufacturing capacities and pursue inorganic growth opportunities through acquisitions to drive growth. The company has 31 manufacturing plants in the country and two manufacturing plants in Germany and Austria.
"Investing across our product lines such as pipes, construction chemicals, and flooring and focusing on global growth is going to be important," Avanti Birla, president-strategy at BirlaNu, said in an interview. "Hopefully, markets also become better in terms of demand."
Dit verhaal komt uit de March 24, 2025-editie van Mint New Delhi.
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