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Board of Kanpur Plastipack approves plans to set up 'greenfield project'

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Capital Market

At meeting held on 23 September 2015

Kanpur Plastipack announced that the Board of Directors of the Company at its meeting held on 23 September 2015 has approved the proposal to set up a new "Greenfield Project" at a new site on Gajner Road, Dist. - Akbarpur (U.P.). The value of the Project is Rs. 61.91 crore and will be completed by December, 2016. The Project covers sales, consolidation of operations, expansion in the "Raffia Division, Backward integration, additional warehousing and Administrative Blocks.

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First Published: Sep 23 2015 | 8:54 PM IST

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