Aditya Birla Retail (ABRL) has announced plans to open ten hypermarkets in India within the next two years under the "More" banner.

The company added that it also aims to have 1500 supermarkets and 100 hypermarkets by 2013.

According to CEO Sumant Sinha, ABRL the company will invest a total of US$2.5bn on its expansion plans.

ABRL launched its first hypermarket last month, in Vadodara Gujarat, at the cost of US$6m.