Essel Propack plans expansion with Rs 145-cr investment

Essel Propack is planning to invest Rs 145 crore during the current financial year to raise production capacity of various units including India and abroad, according to a Business Standard report.
 
Ashok Goel, Vice Chairman and Managing Director, Essel Propack, said, “We estimate depreciation to our plant and machinery to the tune of Rs 140 crore which we plan to bring in through internal accruals. That has been our strategy which we want to continue for future as well.”
 
The pharma packaging company is planning to spend Rs 70 crore and Rs 75 crore for domestic and overseas operations, respectively, to raise production capacity.