EPACK Durable rises after receiving Govt approval for Rs 1,084.31 crore investment proposal
Mumbai, July 1 -- The said approval has been granted for the combined proposed investments by the company and its wholly owned subsidiary, EPACK Manufacturing Technologies (EMTPL).
The approved package covers a combined proposed investment of Rs 1,084.31 crore, comprising Rs 314.31 crore by EPACK Durable and Rs 770 crore by EMTPL.
The investments will be directed towards expanding manufacturing capacity for room air conditioners, components, small domestic appliances, washing machines, televisions and other home appliances in Andhra Pradesh.
As part of the package, the Andhra Pradesh government has allotted 36.41 acres of land to EPACK Durable at Rs 60 lakh per acre for setting up the proposed manufacturing facility.
The incentive pac...
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