RP Sanjiv Goenka Group

RP Sanjiv Goenka Group said it will invest Rs 10,000 crore in Uttar Pradesh. The announcement was made by group head Sanjiv Goenka during a meeting with Chief Minister Yogi Adityanath. "Dr Sanjiv Goenka in a meeting today with the Honourable Chief Minister of Uttar Pradesh Shri Yogi Adityanath has announced an investment of Rs 10,000 crore in the state..," the group said. Out of this, Rs 7,500 crore will be invested in renewables, while power distribution and retail sectors will receive Rs 1,000 crore each. Besides, the sports academies in the state will see an investment of Rs 500 crore, the group said. "With this Rs 10000 crore investment, the total commitment of RP Sanjiv Goenka Group to the state of Uttar Pradesh is now pegged at Rs 20,000 crore," it added. The Kolkata-based group operates in sectors like power, IT-enabled services, media and entertainment, and retail. The group, with revenues of over Rs 26,000 crore, also owns the IPL franchise Lucknow Super Giants.

Hypermarket chain to focus on tier III, IV cities, launch to be held in phases

The company had posted a net loss of Rs 23.55 crore in the April-June period a year ago, Spencer's Retail said in a regulatory filing.

The genesis of the RP-Sanjiv Goenka group lies in a family settlement that formalised a division of assets between brothers Harsh and Sanjiv Goenka in 2010

Lucknow Franchise will be owned and run by the company along with private/unlisted companies of RP-SG Group, through a newly incorporated entity

A key reason for the IPL teams to be an attractive business proposition has been the huge increase in central revenues

This is the second major fast-moving consumer goods category that the group has entered in five years

RP-Sanjiv Goenka Group firm Phillips Carbon Black Ltd (PCBL) to pump about Rs 1,300-1,400 crore over the next two years on capacity expansion, a top company official said. The expansion lined up is one Rs 800 crore greenfield plant near Chennai and brownfield expansion in Mundra for specialty carbon that would entail an investment of Rs 300-350 crore. The carbon major will pump Rs 100 crore in research and development facilities in Belgium and India, he said. "Keeping the group's vision under Sanjiv Goenka to become a top global carbon black player, the company is ramping up capacity and total investment in two years will work to be around Rs 1,400 crore and of which about Rs 1,200 crore will be directed at greenfield plant in Tamil Nadu and brownfield expansion in specialty carbon at Mundra. Rest of the amount will be infused for R&D and maintenance capex of existing plants," PCBL managing director Kaushik Roy told PTI when asked if Covid impacted expansion. PCBL now produces ...

In a Q&A, the company's chairman dwells on his firm's deal with Hola SL and says more deals in media could happen in the future

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Digital will be a crucial arm of the media. I am not sure whether it will be at the cost of print, but it will acquire importance. It is definitely being consumed, says RPSG Chairman

Kolkata Games and Sports (KGS), an RPSG venture, which owns the ATK brand, will be merged with Mohun Bagan Football Club Pvt Ltd to form a new company

Sanjiv Goenka, the group's chairman said that Spencer's Retail - the acquirer belonging to the RPSG group stable - intends to set up 15-20 stores under Nature's Basket brand

Group turnover to be Rs 40K cr in five years from the present level of Rs 26K cr

On the other hand, PCBL has also been focusing on the exports front with specialty blacks although traditionally, it has been a common black exporter for the global tyre industry

The Group's FMCG venture, which currently operates under the aegis of CESC Ltd - the Group's flag bearer, will be merged with CESC Ventures after the proposed demerger of the Group is effected

The FMCG venture, under the aegis of CESC, will be merged with CESC Ventures

"During the first half of the next fiscal year, we will launch non-baked items. Work is under process on this", Sanjiv Goenka, the group's chairman said

Demerger of these parts would be effective post WBERC approval

"In power, we will be looking at four more distribution circles and franchises"