Home Care Personal Tender

Scope : To Set up Home Care and Personal Care Products Manufacturing Plant in Madhya Pradesh.

FMCG major Godrej Consumer Products Ltd. announced that its board has approved a capital expenditure for setting up new manufacturing site in Madhya Pradesh. This is being done to cater to the growing customer demand as well as consolidate the manufacturing footprint.

The decision was taken in the company's board meeting on August 7.

With this additional investment, the company plans to add about 20 percent capacity in home care and personal care categories. The project will be funded through a mix of internal accruals and debt.

Currently, the company's existing capacity utilisation is at 75-80 percent. The new manufacturing site is expected to be completed in 18-36 months.