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"We would be investing USD 5 billion (approximately Rs 23,000 crore) in our Chennai and Hyderabad units... this is investment is for ten-year period," Moser Baer Managing Director Deepak Puri told reporters on the sidelines of India Economic Summit.
The expansion at the company's Noida unit has been delayed due to economic downturn, "at present we are going slow... our investment is for a longer duration," he said.
Asked about the company's listing on the international bourses, Puri said, "We do not intend to hit the global markets as of now".
He added that the company would arrange funds from other sources.
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