Diversified corporate house RPG Group will invest an estimated Rs 13,000 crore (Rs 130 billion) on tyre, retail and power businesses in the next couple of years.
RPG, which make CEAT tyres, would invest Rs 600 crore (Rs 6 billion) in setting up a new radial tyre plant to ramp up capacity, Group Chairman Harsh Goenka told reporters in Mumbai.
"The company is expanding its radial capacity and has planned a substantial investment of Rs 600 crore to set up a new plant," he said.
However, the group is yet to finalise the location and the capacity of the new plant, Goenka said, adding the project would be financed through a mix of debt and equity.
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