PI Industries plans Capex worth Rs 500 Cr

The company plans to go in for a brownfield project in the coming years

Agri-sciences company PI Industries plans Capex of around Rs 500 crore for the coiming year. This was stated by Manikantan Viswanathan, Chief Financial Officer, PI Industries.

According to Rajnish Sarna, Joint MD, PI Industries the Capex is likely to be used for maintenance, R&D etc. The company plans to go in for a brownfield project in the coming years.

The total Capex for PI Industries Ltd. for FY22 stood at Rs 320.4 crore.