Chandigarh-based ABC Paper (previously
part of Amrit Banaspati Co Ltd, now a separate entity) is planning to set up a
paper unit. The location for the proposed unit will be either Madhya Pradesh or
Maharashtra.
The unit entailing an investment of
Rs.600 crore will have one lakh tpa capacity to produce specialty paper.
Besides, the company has plans
for increasing the production capacity from 48,000 tpa to 1,00,000 tpa of its
existing plant at Hoshiarpur at an outlay of Rs.160 crore.