AB Birla commits Rs. 7,000-cr for AP infra

Aditya Birla Group Chairman Kumar Mangalam Birla

Rolling out its huge investment plans in Andhra Pradesh, Aditya Birla Group, has recently committed to invest Rs. 7,000-cr in the next two years on building the necessary infrastructure to expand its existing businesses across the state, Chairman Kumar Mangalam Birla said, claiming that the company already has invested Rs. 10,000-cr in the state across sectors. The company has set up a cement plant with capacity of 5.6 million tons and its capacity will further be increased by investing more funds in the cement sector. In addition, it would also invest huge funds in the construction of retail and allied infrastructure including setting up 240 stores and is looking at increasing its presence also in the financial services sector.