Essel Propack inaugurates laminated tubes plant in Assam
The company inaugurated its greenfield facility in Assam. The plant commenced production of high-quality laminated plastic tubes used for packaging FMCG and pharma products.
Essel Propack has planned a total investment of Rs. 192 crore, of which Rs. 82 crore is set aside for the first phase. This is the company's first unit in the Northeast. The plant will produce high-quality laminated tubes with a capacity of 275 million tubes annually. Post the completion of expansion, the plant capacity will be 750 million tubes.
The company believes the plant will help serve customers based in Assam and other regions in the North-East India.
Essel Propack is a specialty packaging company. The company engages in the manufacture of laminated plastic tubes for the FMCG and Pharma sector. Essel has 20 facilities in 11 countries. The company's promoters led by Ashok Goel hold 57.04 per cent equity shares in Essel Propack Limited.
At 09:43 hours, the stock of Essel Propack was quoting Rs. 106.20 per share, down by 2.61 per cent, while the benchmark index BSE Sensex was at 36,422.30, down by 124.18 points or 0.34 per cent on Monday.