RPG power arm to invest Rs 9,000 cr

Mumbai: RPG Enterprises said it will invest Rs 14,000 crore over the next three years across sectors such as power generation and transmission, retail, entertainment, and IT.

The power sector will account for the maximum investment at about Rs 8,000 to Rs 9,000 crore. The company will be setting up power generation plant and transmission facilities in Jharkhand and Orissa.

The group will relocate its Ceat tyre manufacturing plant from Bhandup to a place outside Mumbai municipal limits.