+
Aditya Birla Group to invest Rs 700 cr for paint industries in UP
Paint

Aditya Birla Group to invest Rs 700 cr for paint industries in UP

Aditya Birla Group is set to invest Rs 700 crore to set up paint manufacturing industries in Uttar Pradesh.

Uttar Pradesh Chief Minister Yogi Adityanath took to Twitter to announce on Monday that the Aditya Birla Group will be setting up industrial units to manufacture paint in Uttar Pradesh.

As reported to the media, the company showed keen interest in investing in the state eight months ago. An offer was made to sanction land in Gorakhpur’s Bhiti Rawat, after which the representatives of the company met K Vijayendra Pandian, Gorakhpur District Magistrate.

The Gorakhpur Industrial Development Authority (GIDA) approved the project, which will span across 70 acres in Bhiti Rawat. Additionally, the manufacturing unit will employ more than two thousand people.

The development fee was waived off, enabling the company to grow the land according to its requirements.

The administration is hopeful that the arrival of the Aditya Birla group will uplift the entire region. K Vijayendra Pandian, District Magistrate, told the media that the Aditya Birla Group would make a significant investment of about Rs 700 crore in the Gida area, and for this, the land will be made available by GIDA.

Image Source


Also read: Asian Paints Q1 FY22 profit doubles to Rs 574.30 crore

Aditya Birla Group is set to invest Rs 700 crore to set up paint manufacturing industries in Uttar Pradesh. Uttar Pradesh Chief Minister Yogi Adityanath took to Twitter to announce on Monday that the Aditya Birla Group will be setting up industrial units to manufacture paint in Uttar Pradesh. As reported to the media, the company showed keen interest in investing in the state eight months ago. An offer was made to sanction land in Gorakhpur’s Bhiti Rawat, after which the representatives of the company met K Vijayendra Pandian, Gorakhpur District Magistrate. The Gorakhpur Industrial Development Authority (GIDA) approved the project, which will span across 70 acres in Bhiti Rawat. Additionally, the manufacturing unit will employ more than two thousand people. The development fee was waived off, enabling the company to grow the land according to its requirements. The administration is hopeful that the arrival of the Aditya Birla group will uplift the entire region. K Vijayendra Pandian, District Magistrate, told the media that the Aditya Birla Group would make a significant investment of about Rs 700 crore in the Gida area, and for this, the land will be made available by GIDA. Image Source Also read: Asian Paints Q1 FY22 profit doubles to Rs 574.30 crore

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code