BirlaNu plans to invest up to Rs 1,300 cr in next 3 yrs, eyes acquisitions

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BirlaNu plans to invest up to Rs 1,300 cr in next 3 yrs, eyes acquisitions - Business Standard

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CK Birla Group home and building material solutions firm BirlaNu Ltd plans to invest up to Rs 1,300 crore in the next three years as part of its strategy to double sales in 3-4 years time, according to top company officials.

The company, which had recently renamed itself as BirlaNu Ltd from erstwhile HIL Ltd and undertaken a rebranding exercise, is also scouting for acquisition opportunities to fuel its growth, BirlaNu Ltd President Avanti Birla told PTI.

"We are widening our positioning and going further, in a two-fold manner -- in our own products and we're also looking externally at diversifying, other products (and) potential acquisitions," she said when asked about the future roadmap.