Diversified major Aditya Birla Nuvo today announced an investment of about Rs 4,000 crore on expansion of its existing urea plant capacity in Uttar Pradesh.
In a filing to the BSE, the company informed that the board, in its meeting held today, has “decided for brownfield expansion of urea capacity by 3,850 TPD (tonnes per day) at the existing fertiliser complex at Jagdishpur, UP“. Such expansion is envisaged at a capex of around Rs 4,000 crore,” it added.
Aditya Birla Nuvo is a $4.5 billion conglomerate by revenue size. The company, part of Aditya Birla Group, is present across financial services, telecom, fashion & lifestyle, IT-ITeS and manufacturing businesses.