Videocon to invest Rs 80 bn in semiconductor, LCD complex
Videocon to invest Rs 80 bn in semiconductor, LCD complex Aurangabad-based Videocon Industries (Q, N,C,F)* plans to erect a semiconductor and LCD complex near Mumbai at an investment of Rs 80 billion, reports Business Line. The project is likely to generate employment to 10,000 people, 50% of which will be directly employed.
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The company is said to be in talks with the Maharashtra government for the project.
It is believed that the company will be exporting about 50% of the product ion.
Shares of the company closed down Rs 3.55, or 0.96%, at Rs 365.60. The total volume of shares traded at the BSE was 15,372. (Wednesday)
