| The group would like to pare its workforce from 50,000 to 42,000 in two years. It also expected to clinch the sale of its Chennai telecom business within a fortnight. |
| Goenka said the group will mostly raise the fund through debt. However, it will also look at opportunities to issue equity. He, however, did not disclose which company would need what investment. |
| The group has already announced that CESC also would need nearly Rs 1,000 crore to set up a 250 mw plant, while Phillips Carbon Black will require an investment of Rs 180 crore. |
| The group's activities were spread in power, transmission, IT& communications, entertainment, tyres and rubber products, retailing and speciality healthcare. |
| The retail business was run through Food World, Giant, Music World, Health & Glow and Spencers; tyre and rubber business through Ceat, Phillips Carbon Black, Ceat Kelani; entertainment by Saregama, HamaraCD, RPG Netcom; power by CESC, Nodia Power Company, KEC International, RPG Transmission; life science by RPG Life Sciences; IT and communication by Zenser, RPG Cellular and RPG Cables; specialiaty by Raychem RPG, Spentex and Cetex. |
| He said the group's extreme area of focus was power, tyre and rubber products and retailing. Music business, which was run by Saregama, was neither a core area of operations nor a non-core area of business. "Its passion to the group," he said. |
| He hinted that the group may consider pulling out of its tea business under Harrison Malayalam. The company, whose rubber business is being merged with Ceat Ltd, had 6,000 hectares of plantation and 13 tea estates. |
| Over the past three years, the group has sold off 19 companies. Without disclosing the exact figure of the sale proceeds, Goenka indicated that the figure will be over Rs 500 crore. |
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