Aditya Birla Nuvo (ABNL) has earmarked a capital expenditure plan of around Rs 460 crore for 2014-15. The company plans to invest about Rs 350 crore in the financial services business. Going forward, ABNL’s thrust is on capturing growth opportunities across its businesses.
Aditya Birla Nuvo is a $4 billion conglomerate operating in the services and the manufacturing sectors, where it commands a leadership position. Its service sector businesses include Financial Services (Life Insurance, Asset Management, NBFC, Private Equity, Broking, Wealth Management and general insurance advisory), Fashion & Lifestyle (Branded apparels & Textiles) and Telecom.
