India: Videocon invests INR 5 billion in Gujarat TV glass unit

Videocon group will shortly invest INR 5 billion in its television glass factory at Baruch in Gujarat, northwest India. The investment will be funded through internal accruals. It will be used to rais…

Videocon group will shortly invest INR 5 billion in its television glass factory at Baruch in Gujarat, northwest India. The investment will be funded through internal accruals. It will be used to raise the unit“s capacity from the present 6 million to 10 million tubes. The group will also increase the capacity of its colour television (CTV) unit in Aurangabad and its compressor unit in Bangalore.