Emami plans to set up newsprint plant in Orissa

Business Standrad, March 25, 2010
Diversified Emami Group plans to set up a new newsprint facility in Orissa at an investment of Rs 500 crore, a top official said today.


"We have plans to set up a new newsprint plant. It will be set up by Emami Paper Mills, a group firm, and the investment will be Rs 500 crore," Aditya Agarwal, group director told Reuters.

The per day capacity of the plant will be 500 tonnes, he added.

Emami Biotech, a unit of the Emami Group, which recently launched its 'Healthy and Tasty' edible oil brand in the market in February, expects revenues worth Rs 5,000 crore from its edible oils business in the next 3 years.

The edible oils business includes plantations, refining and finished products.

The personal care products firm Emami, the maker of brands such as Boroplus, Sonachandi Chyawanprash and Fair and Handsome, expects revenues worth Rs 1,300-1,400 crore in the next fiscal.