Godrej & Boyce invest Rs 300 crore in Dahej

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Godrej & Boyce announced on Monday that it will invest an additional Rs 300 crore in its factory in Dahej, Gujarat to double revenue in the process equipment arm by FY25.

Godrej Process Equipment (GPE) is investing to strengthen its presence in the hydrogen and power sectors for the delivery of specialist and large-scale equipment for which an investment of Rs 300 crore is underway, according to an official statement .

The expansion will increase the manufacturing area by about 25,000 square meters, he said, adding that it currently serves the needs of customers in the oil and gas, chemical and fertilizer industries, and Energy.

The facility, commissioned in 2016, houses units to manufacture and deliver oversized shipments for global projects, he said.

The expansion will involve a bay dedicated to nuclear equipment and another bay dedicated to the manufacture of heavy equipment, the statement said, adding that a “clean room” will also be created for the manufacture of equipment using exotic metals like titanium.

“We have embarked on our journey to make this factory a smart factory and improve the productivity and quality of delivered products to enrich customer delight,” said Hussain Shariyar, Commercial Director of GPE.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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