Ayodhya based Yash Papers to invest Rs 150 cr on capacity expansion
Uttar Pradesh-based Yash Papers is investing around Rs 150 crore to double production capacity for the growth of its business, a senior company official has said.
The company has a manufacturing plant in Ayodhya where it makes speciality paper and various paper products from sugarcane pulp. It also makes paper bags and tableware/containers.
"We are expanding our capacity with a capex of around 150 crore. We will be doubling the production across our products range," said Ved Krishna, strategy head of Yash Papers.
On the expected turnover of this fiscal, Krishna said the company's revenue will grow by 25-30 per cent this fiscal. The capacity of pthe pulp mill is 130 tonnes per day, while it makes 10 lakh pieces of tableware a day.
The company is funding investment through inter...