Aditya Birla Nuvo Plans Rs 650-Cr Capex

Aditya Birla Nuvo, which reported a two-fold jump in its consolidated net profit at Rs 214.25 crore for the September quarter, has announced a capex plan of Rs 650 crore over the next two years. “We had Rs 100 crore capex during the first half of the fiscal on various businesses. Over the next 18 to 24 months, we will be spending Rs 650 crore on various ventures. This also includes Rs 150 crore to add new stores,” whole-time director and chief financial officer Sushil Agarwal told reporters here while announcing the earnings.


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