Voltas To Invest Over Rs 500 Cr To Set Up Plant In Tirupati

CORPORATE

Voltas said it will invest over Rs 500 crore to set up a manufacturing facility in Tirupati, Andhra Pradesh.

This facility will initially manufacture and assemble air conditioners and related cooling products with a total capacity of more than 1 million units to start with,” the company said.

Voltas said it aims to create technologically advanced products which are expected to start rolling out from the second half of 2020.