Share price of Emami Paper Mills advanced more than 10 percent in the early trade on Tuesday on the back of Odisha Government approval for proposed expansion plan.
The company has received in principle approval from Odisha Government for proposed expansion plan for increasing capacity of multi-layer coated board manufacturing at Balgopalpur in Odisha at an estimated cost of Rs 650 crore.
The expansion plan is subject to necessary approvals from the board of directors and other concerned.
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