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BUSINESS STRATEGY fi ve years,” he said. The areas where Meanwhile, Adani Group chief in Assam,” he said while speaking
this amount will be pumped in include Mr. Gautam Adani said his conglomerate at the summit. The investment will
AkzoNobel NV to acquire powder coatings business green and nuclear energy, the supply will invest Rs. 50,000-crore across span areas such as the development of
chain of food and non-food products, various sectors in the state.“We are airports, aerocity, city gas distribution
from its Indian subsidiary and expanding the footprint of Reli- eager to be a part of the progress story of network, power transmission, cement

Dutch paints major and owner of AkzoNobel India will also acquire Nobel’s strategic review of its India ance’s retail stores, he added. Assam. We will invest Rs. 50,000-crore and road construction, he said.
the Dulux brand, AkzoNobel NV, has intellectual property rights from Akzo- business, initiated last year. It was PROCESS EQUIPMENT
informed that it has made an offer to Nobel Coatings International B.V. for reported recently that AkzoNobel NV is
acquire the powder coatings business its decorative paints business in India, likely to revise its India business sell- Godrej Enterprises plans further investments
and International Research Centre from Bangladesh, Bhutan, and Nepal for off plan, opting to sell only its consu-
its publicly listed subsidiary, Akzo Rs. 1,152-crore. mer-facing paints division for $1.5-1.7- in Dahej facility
Nobel India Ltd., for Rs. 2,073-crore billion while retaining the technically
and Rs. 70-crore, respectively. The “The transactions will make complex industrial coatings segment. Godrej Enterprises Group will Seventy percent of the production advanced heat treatment furnace and
Board of Directors of AkzoNobel India AkzoNobel India a more focused liquid The coatings business, safeguarded by invest an additional Rs. 200-crore to from the facility is exported to over 40 will also feature a sea-going jetty,
has accepted the offer. paints and coatings business, and allow intellectual property rights and long- expand its manufacturing facility in countries across six continents, with a enabling direct loading and transportation
it to become fully brand and techno- term agreements spanning 10 to 20 Dahej, Gujarat. The expansion is aimed strong focus on the Americas and the of over-dimensional equipment to
The deal will be executed through logy independent in its core decorative years, is harder to divest. Meanwhile, at strengthening the process of equip- Middle East. international markets.
separate business transfer agreements paints business,” the Dutch fi rm said in Pidilite Industries Ltd., JSW Paints, and ment manufacturing. The company
with an indirect wholly-owned subsi- a press note. Indigo Paints Ltd. have advanced to the had earlier infused Rs. 300-crore in “This expansion aims at developing “As the demand for specialised
diary of AkzoNobel NV, proposed to be second round of bidding to acquire the the manufacturing plant. The phase-III capability and capacity in manufactur- process equipment in the clean energy
incorporated in India. The move comes as part of Akzo- Dulux paints business. expansion will focus on increasing ing high-end and critical process equip- sector continues to grow, manufactu-
the annual manufacturing capacity to ment including for sectors like hydro- rers must evolve to meet these complex
FUTURE PLANS
approximately 30,000-tonnes with an gen, nuclear, and geothermal energy requirements. This strategic expansion
Hindalco to invest Rs. 15,000-crore in MP to expand increase in production space, the deve- along with conventional energy pro- of our Dahej facility demonstrates our
lopment of dust-free enclosure for man- jects like refi nery and petrochemicals,” commitment to leading this evolution,”
aluminium smelting capacity ufacturing exotic materials, dedicated the company stated. said Mr. Hussain Shariyarr, Executive
bays for internals manufacturing, and
Vice President & Business Head of the
Hindalco Industries, has signed a Hindalco already has an extensive consolidated Hindalco, we believe the development of extended manufac- The facility will feature an addi- Process Equipment business of Godrej
Memorandum of Understanding with footprint in the State, with existing these tariffs are neutral to positive turing yards. tional extended fabrication yard and Enterprises Group.
the Madhya Pradesh government to investments worth Rs. 25,000-crore, because our American subsidiary
invest Rs. 15,000-crore over the next primarily focused on its world-class benefi ts and Hindalco in India does not Rallis India and Tata Chemicals awarded for innova-
two years. The announcement was aluminium smelter in Mahan, in Singrauli really export aluminium to the US.”
made at the Madhya Pradesh Global district. The new investment aims to tion in agriculture
Investors Summit (GIS) 2025 in Bhopal. further enhance the company’s pre- Apart from Hindalco, other Aditya
sence and boost the local economy. Birla Group entities such as Ultra- Rallis India and Tata Chemicals
Hindalco’s Managing Director Tech Cement and Grasim’s Viscose have jointly won the ‘Aegis Graham
Satish Pai stated, “In the next two Mr. Pai also highlighted the impact Staple Fibre division are also working Bell Award’ in the ‘Innovation in Agri-
years we will be investing about of global trade policies on Hindalco’s on independent projects in Madhya culture’ category at the 15th annual
Rs. 15,000-crore just from the Hindalco operations, particularly in the US, Pradesh, further reinforcing the group’s Aegis Graham Bell Awards ceremony
side and also from the group side by “Hindalco has a very large American commitment to the State’s industrial held in New Delhi recently.
opening a large mine called Banda.” subsidiary called Novelis. So, for the growth.
Supported by the Ministry of
ADVANTAGE ASSAM BUSINESS SUMMIT Electronics and Information Techno-

Reliance, Adani commit to invest in Assam logy, the Department of Science and
Technology India, and the Ministry of
Reliance Industries Ltd. (RIL) and over the next fi ve years, its Chairman “At the 2018 investment sum- Education, the award recognised the
Adani Group have committed to invest Mr. Mukesh Ambani said while speak- mit, I announced an investment of companies’ excellence in technologi-
around Rs. 50,000-crore each in Assam. ing at the ‘Advantage Assam’ business Rs. 5,000-crore. Since then, the invest- cal advancements and sustainable agri-
summit on February 25. He said the ments have crossed Rs. 12,000-crore. culture practices. The awards were
RIL will invest Rs. 50,000-crore money will be invested to make Assam This amount will quadruple and we presented by Mr. Jayant Chaudhary, Charge) for Skill Development and Minister of State in the Education
across fi ve different verticals in Assam technology and AI ready. will invest Rs. 50,000-crore in the next Union Minister of State (Independent Entrepreneurship as well as the Department.

146 Chemical Weekly March 4, 2025 Chemical Weekly March 4, 2025 147

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