Emami Paper Mills receives approval for proposed expansion plans
DSIJ Intelligence / 04 Jul 2017
Odisha Government has given approval to Emami Paper Mills for proposed expansion plan for increasing capacity of multi-layer coated board manufacturing at Balgopalpur in Odisha.
Odisha Government has given approval to Emami Paper Mills for proposed expansion plan for increasing capacity of multi-layer coated board manufacturing at Balgopalpur in Odisha. The company is going to invest approximate Rs 650 crore.
Emami Paper Mills is delivering almost 1.8 lakh TPA from its packaging unit at Balasore. After setting up multi-layer coated board plant, the company’s capacity will be doubled.
Emami Paper Mills, on good market response and growth in packaging sector, is planning big ticket expansion in the form of similar plant at Balasore with same capacity.
The share price of Emami Paper Mills was trading at 129 with a gain of 6.3% at 0943 hours on BSE. stock also witnessed a spurt in volume by more than 1.69 times.
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