Godrej & Boyce is making an additional investment of Rs 300 crore at its facility in Dahej, Gujarat. The investment will be made to double revenues from the process equipment arm by FY25.
Godrej Process Equipment (GPE) is investing to strengthen its presence in the hydrogen and power sectors for delivery of specialised and large equipment for which Rs 300 crore investment is being made.
The expansion will raise the manufacturing area by approximately 25,000 sq mtr. At present it serves client needs in the oil and gas, chemicals and fertilizers, and power sectors.
The facility, commissioned in 2016, houses units to manufacture and deliver over-dimensional consignments for global projects.
The expansion will include a dedicated bay for nuclear equipment and another bay dedicated for heavy equipment manufacturing, the statement. Moreover, a clean room will also be created for manufacturing equipment using exotic metals like titanium.