Rahee Group plans capacity expansion, to invest Rs 600 crores
Engineering and construction firm Rahee Group is looking to expand its manufacturing and infrastructure capabilities. As a part of that plan, the firm will invest Rs 600 crores over a period of 3 years.
Rs 200 crores would be invested in setting up a Foundry in Odisha that will be developed by its subsidiary, Rahee Track Technologies Ltd, to produce specialised manganese and steel castings. Further, Rs 60–70 crore annually over the next three years to improve its infrastructure capabilities and scale operations.
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