Piramal Glass, a manufacturer of glass containers for cosmetics & perfumery
(C&P), specialty foods & beverages and pharmaceuticals industry, plans to invest
Rs 260 crore over next two years.
This includes a Rs 100-crore investment for expansion of capacities at its
plant in Jambusar, Gujarat. The company has planned to add 160 tpd capacity at
its plant, through a greenfield project, which is likely to be completed by next
fiscal. Further, the company has proposed to transfer 75 tonne of its current
capacity in the pharmaceutical segment to the cosmetics & perfumery business.