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Aditya Birla Retail (ABRL), part of Aditya Birla Group, is planning to open around 12 large format hypermarket stores in the country by 2010 fiscal-end. Meanwhile, the company, according to a top official, plans to go ahead with the Rs 9,000 crore retail investment plan over the next five years.Speaking to reporters at an event in Mumbai, Thomas Varghese, CEO, Aditya Birla Retail said, “We have not scaled down our investment plans but our expansion could get delayed by a few months. We plan to open 12 more hypermarkets during financial year 2010 in various parts of the country.”
ABRL had in 2007 announced an investment of Rs 9,000 crore over a five year period.
Currently, the company runs 670 supermarkets and two hypermarkets across the country.
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