The Rs.45,000-crore Aditya Birla Group
is planning to invest Rs.1,500-crore across four projects in Gujarat. The
investments will be made by two group companies, Grasim Industries and Hindalco
Industries in Bharuch and Dahej, respectively. The projects are part of the
Vibrant Gujarat Investors Summit.
Grasim Industries will invest Rs.700
crore in setting up a green-field project to manufacture viscose fibre in
Vilayat near Bharuch. The investments will be made over a period of 18 to 24
months.
In addition, Hindalco Industries,
through Birla Copper, which has invested close to Rs.2,500 crore in Dahej in
Gujarat so far, has lined up an additional investment of Rs.800 crore. The
investment will be made in doubling the capacities of di-ammonium phosphate
(DAP) and phosphoric acid units apart from constructing a new jetty. The company
will also set up a captive power plant of 60 MW capacity.
The DAP fertiliser capacity will be
more than doubled to 9 lakh tonnes per annum (LTPA) from the existing 4 LTPA.
The capacity of the phosphoric acid plant will be doubled to 3.6 LTPA from 1.8
LTPA at present. The Dahej unit also produces copper cathodes and continuous
cast copper rods.
Birla Copper has approached the state
government with a project to double the capacity of its captive jetty from five
million tonnes a year to 10 million tonnes a year by constructing a new jetty at
Dahej. The company needs more jetty capacity to import more raw materials for
its expanded capacity.
A MoU regarding the four projects will
be signed during the Vibrant Gujarat.