Emami Paper Mills to put up Rs 20 bn packaging board unit in Gujarat Noor Arora
Keen to expand its footprint directly in the western region of the country, Emami Paper Mills, part of the Rs 600 billion Emami Group, is investing Rs 20 billion in Gujarat to set up a 0.23 million tonne (mt) multilayer coated packaging board manufacturing plant. So far, Emami Paper Mills has been catering to the western region from its two plants in Balasore in Odisha and Dakshineshwar in West Bengal. Aditya V Agarwal, director at the Emami Group, said the company is on the lookout for a western expansion as it is logistically and financially more viable for it to cater to the demand from the western zone. Expected to be commissioned by early 2020, the upcoming facility is spread across 103 acres in the Saykha Industrial Area at Bharuch district in Gujarat. Additionally, an 18 megawatt captive power plant is also being constructed at an investment of around Rs 10 billion which will cater to the first phase of the project.
ARTICLE SOURCE: BS