RPG Retail plans to attain Rs 1,500-cr turnover

THE HINDU BUSINESS LINE, KOLKALTA, 25.06.2007

RPG Retail expects to achieve nearly 150 per cent revenue growth during the current fiscal, according to Mr. Sanjiv Goenka, Vice-Chairman, RPG Enterprises. "We expect to achieve a turnover of Rs 1,500 crore by the end of this year from Rs 600 crore last year,"

Mr. Goenka told newspersons at the launch of Spencer's first superstore in Kolkata. According to Mr. Goenka, the company has aggressive expansion plans, both organic and inorganic, which are likely to be the major growth driver. The company plans to invest nearly Rs 1,200 crore to set up 2,000 stores across India by 2009.