Godrej & Boyce announced on Monday that it is increasing its investment by Rs 300 crore at its facility in Dahej, Gujarat, in order to increase the process equipment arm’s income by FY25.
In order to deliver specialised and massive equipment, Godrej Process Equipment (GPE) is investing Rs 300 crore to increase its footprint in the hydrogen and power sectors, according to an official release.
According to the statement, the expansion will add almost 25,000 square metres to the industrial space. It also stated that the facility currently meets the demands of clients in the oil and gas, chemicals and fertilisers, and power sectors.
It stated the facility, which was put into operation in 2016, contains facilities to produce and deliver over-dimensional consignments for international projects.
According to the announcement, the extension would include a bay specifically designated for manufacturing heavy equipment and another bay specifically designated for manufacturing nuclear equipment. A “clean room” will also be established for producing equipment out of rare metals like titanium.