Land allotment is in process for Laxmi Packaging’s packaging and printing material manufacturing unit at additional Ambernath MIDC in the Thane district of Maharashtra.
The proposed unit's land parcel will spread across 2.22 acres. Furthermore, the project expects to generate employment for about 226 individuals.
The company will fund around Rs 40.27 crore for the project through a bank loan, and Rs 60.41 crore will be financed through internal accruals.
As per Projects Today's updates, Laxmi Packaging is yet to finalise contractors and machinery suppliers for the project.