Emami Paper Mills to surrender plot allotted for Gujarat Project

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Capital Market
Last Updated : Aug 26 2019 | 8:31 PM IST
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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First Published: Aug 26 2019 | 8:10 PM IST

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