The Aditya Birla Group has chalked a plan to expand capacities of all its companies globally — including Novelis, Hindalco and UltraTech — which would raise the group’s turnover from $40 billion to $65 billion in two years. The look-abroad policy also includes the acquisition of a mid-sized chemical or a fertiliser company in North America.The group, which is investing $750 million (Rs 4,115 crore) in expanding the capacity of Novelis globally, is expecting new projects worth $15 billion in India — including Mahan aluminium project, Aditya Aluminium, Utkal Alumina and UltraTech’s cement capacity expansion — will help it meet the $65-billion target set by Chairman Kumar Mangalam Birla.
Addressing a closed-door meeting of Owners’ Forum on Monday in New Delhi, Birla said India was very much at risk of losing its edge if the policy did not get better, and he would prefer a three-year policy rather than annual budgets. “Delays of two to three months are the norm in India right now, and it has been noticed by our group, which operates in 36 countries, that none is as in-transparent and uncertain as India,” he reportedly told the gathering.

Source - http://www.business-standard.com