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Ballarpur Industries announces acquisition of Premier Tissues

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Ballarpur Industries Limited (BILT) announced the signing of definitive agreements on 19th August to acquire Bangalore-based Premier Tissues India Limited (PTIL). Mr. R.R. Vederah, MD of BILT said, “The acquisition is expected to be completed by the end of this month, when BILT will take over the operat ions and management of the company from its existing management”. “With this...
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Rainbow plans unit in Nigeria

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In a recent interview with Paper Mart, Mr. Ajay Goenka, Chairman and Managing Director, Rainbow Papers, said that his company is planning a paper mill in Nigeria with a total investment of 350 crores. According to recent news reports it is said that the size of plant will be 150,000 tonnes per annum and it will cater to the African...