As part of its growth plan, RPG group is all set to invest around Rs 90 billion in the power, tyre and carbon black industries by the next two years (2010).
  
The company’s chairman Mr. Rama Prasad Goenka, who is at his rubber estate at the Harrisons Malayalam limited at nearby Mooply to inaugurate the accelerated replanting and factory modernisation programme here, stated that Rs 6,000 crore would be invested in the Calcutta Electric Supply Company by 2020 in the states including Orissa, West Bengal and Jharkand, whereas the company has set aside Rs 20 billion in the Ceat Tyres and Rs 10 billion in the Philips Carbon Black.
  
Mr. Goenka also said that a big part of investment is needed to lessen competition in the areas following the government’s liberalization, privatization and globalization policies.

The group was proposing to boost productivity, quality and facilities to workers through the expansion, he added.
  
Shares of the company, on Monday (May 26), lost 6.7% to end at Rs 37.75 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 18,020.