Godrej Enterprises Group looks to double the turnover of its Process Equipment business in the next 4 to 5 years, helped by the green energy transition happening across the globe, an official said.
Moreover, the company which operates in the sectors such as oil, gas and chemicals is investing Rs 200 crore in the second phase of its Dahej Plant to expand the annual manufacturing capacity to approximately 30,000 MT from the existing 23,000 MT.
However, the Process Equipment division is simultaneously scaling down its operation at the Vikhroli plant in Mumbai due to logistical challenges, limiting it to domestic markets largely, its Executive Vice President & Business Head Hussain Shariyarr said.
The fresh investment is in addition to Rs 300 crore invested by the Godrej Enterprises Group in the first phase of its production facility at Dahej.
The Process Equipment (PE) manufacturing division business, which produces reactors, pressure vessels, columns, heat exchangers etc has a ...