Goenka Group to invest Rs 100 billion in Uttar Pradesh

07 Feb 2023 CW Team

RP Sanjiv Goenka Group said it will invest Rs 100 billion in Uttar Pradesh. The announcement was made by group head Sanjiv Goenka during a meeting with Chief Minister Yogi Adityanath.

"Dr Sanjiv Goenka in a meeting today with the Honourable Chief Minister of Uttar Pradesh Shri Yogi Adityanath has announced an investment of Rs 100 billion in the state..," the group said.

Out of this, Rs 75 billion will be invested in renewables, while power distribution and retail sectors will receive Rs 10 billion each.

Besides, the sports academies in the state will see an investment of Rs 5 billion, the group said.

"With this Rs 100 billion investment, the total commitment of RP Sanjiv Goenka Group to the state of Uttar Pradesh is now pegged at Rs 200 billion" it added.

The Kolkata-based group operates in sectors like power, IT-enabled services, media and entertainment, and retail.

The group, with revenues of over Rs 260 billion, also owns the IPL franchise Lucknow Super Giants.

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