Emami Paper Mills to surrender plot allotted for Gujarat Project
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