Emami Paper Mills To Expand Facility In Odisha

Emami Paper Mills has received approval from Odisha Government for the proposed expansion plan to increase the company's capacity of manufacturing multi-layer coated board 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.

On good market response and growth in packaging sector, Emami Paper Mills 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 Rs 129 with a gain of 6.3% at 0943 hours on BSE. The stock also witnessed a spurt in volume by more than 1.69 times.

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About Suhani Varma

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