Emami Paper Mills announced that the Management of the company has conveyed on 26 August 2019 its intention to surrender the above-mentioned plot allotted for Gujarat Project.
Management don't see the present business environment is going to change in a short period of time and hence, it has been decided against investing in Gujarat Project until the market improves, banking sector getting better to offer finances.
A Letter has been submitted to Gujarat Industrial Development Corporation (GIDC), Ankleshwar,Gujarat on 26 August,2019.
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