Godrej Industries Limited, a diversified Indian conglomerate, has announced a significant investment of over Rs 750 crore for the capacity expansion of its Chemicals division. 

This strategic move is a cornerstone of the company's ambitious plan to transform its chemicals business into a USD 1 billion global enterprise by 2030, with a strong emphasis on sustainability and green chemistry.

The substantial capital outlay will be directed towards boosting production across a wide range of key chemical products, addressing growing domestic and international demand. 

Several projects under this expansion initiative have already been set in motion.

Vishal Sharma, Executive Director and CEO of Godrej Industries (Chemicals), highlighted the consistent double-digit growth in both volumes and revenues that the business has experienced. 

"These capacity enhancements reinforce our focus on sustainable operations and the delivery of value-added solutions. They are essential for achieving our ambition to become a USD 1 billion global player by the end of this decade," he stated.