The investment will increase Orient’s operating capacity to 400 TPD, which is expected to be completed in 24 months
March 17, 2023
Orient Paper and Industries announced that its board has approved a capital expenditure of Rs. 475 crore. The capex will be used in modernisation of its manufacturing facility at Amlai in Madhya Pradesh.
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The company in a regulatory filing at exchanges has said, “The Board of Directors of the Company at its meeting held today, inter alia, approved the capital expenditure of Rs. 475 crores for modernisation of its manufacturing facility at Amlai, Madha Pradesh. The project will improve operating capacity of the paper mill to 400 tonnes per day and is likely to be completed in 24 months.”
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Earlier during an interview given to Paper Mart in 2022, Mr. Ashwin J. Laddha, Managing Director & CEO of Orient Paper & Industries Limited informed that, “we are looking at debottlenecking our capacity and our second step would be to gain more depth and expand the capacities in that space.”
