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Emami Group to investment in Orissa

June 17, 2010 Leave a comment

The Emami Group of Companies plans to set up a multi-speciality hospital, expand existing newsprint plant at Balasore and market edible oils in Orissa.

Presently, Emami has a newsprint production capacity of 1,50,000 tpa at the existing plant at Balasore and will invest around Rs 500 crore in adding capacity of 1,30,000 tpa, to be achieved within two years.

Emami is setting up its AMRI Hospital with a bed strength of 700 at present, which is to be raised to 2,000 over the next 18 months. The expansion will involve an investment of Rs 700 crore.

The company is to pump in Rs 1,600 crore on the edible oils business in the next five years out of which Rs 600 crore will be on setting up two new refineries, Rs 70 crore on expansion of the Haldia refinery (West Bengal) and Rs 100 crore on brand building.

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