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RPG Affirms Capex Budget

According to a new article in the The Hindu News, RPG Group, which is parent company to Phillips Carbon Black, is pressing forward with an aggressive expansion program over the next several years, despite the current economic downturn.

Unfazed by the economic slowdown, Harsh Goenka-led RPG Group has chalked out a massive Rs 15,000-18,000-crore investment in the next two-years in power, retail, tyres, carbon black and transmission tower businesses. “We have lined up a capex of Rs 15,000-18,000-crore over the next two-years across our various businesses, but we have no plans to enter new ones,” RPG Group Chairman Harsh Goenka told PTI here.
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