Oricon to set up Rs 100-crore facility for packaging products in Odisha

Oricon Enterprises Ltd (OEL), the flagship company of Parijat Enterprises that is in marine logistics, packaging, petrochemicals and automobile dealership, will invest Rs 100 crores to build a manufacturing facility in Odisha for packaging products. “The company announced to create new facility at an investment of Rs. 100 crores in two phases in the State of Orissa. This facility will be used to manufacture new packaging products. The project will be funded from internal accruals,” said the company officials. 

As part of its strategy to consolidate its presence in the Indian caps & closures market, the company has been adding capability