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Aditya Birla Retail Ltd, the retail arm of Aditya Birla Group, has earmarked Rs 1,500 crore to expand its 'More Megastore' brand of hypermarket and supermarket stores. As per the expansion plans, the company plans to launch 12 stores every year, while adding nearly 150 outlets every year to its 'More' chain of supermarkets. At present, the company has 12 hypermarkets and 590 supermarkets. Aditya Birla Retail is investing Rs 300 crore this current fiscal for expansion.
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