Equity Service- So Voltas will invest Rs 1,000 crore
According to reports, Tata Group (Tata Group) air conditioner manufacturer Voltas has planned to invest Rs 1,000 crore.
The company will invest this investment in partnership with Arcelik, its Turkish joint venture partner, in the next 4-5 years, to set up a home appliance plant in Gujarat and for marketing activities. Voltas plans to earn 10,000 crores in the next 7-8 years after acquiring 10% market share in the home appliance sector.
Positive news also saw Voltas stock prices increase. It is running at Rs 595.00 against the previous closed level of Rs 585.95, at around 595.00 with the increase of Rs 9.45 or 1.61%, at around 595.00 rupees.
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