Oricon to set up Rs 100-crore facility for packaging products in Odisha

Posted on:23 Feb 2017 09:49:47
Oricon to set up Rs 100-crore facility for packaging products in Odisha
23 February 2017 Current Affairs: Oricon Enterprises Ltd (OEL), the flagship company of Parijat Enterprises that is in marine logistics, packaging, petrochemicals and automobile dealership, will invest Rs 100 crores to build a manufacturing facility in Odisha for packaging products. 

The company announced to create new facility at an investment of Rs. 100 crores in two phases in the State of Orissa. 

This facility will be used to manufacture new packaging products. The project will be funded from internal accruals

As part of its strategy to consolidate its presence in the Indian caps & closures market, the company has been adding capability by raising the production. Oriental Containers Ltd, a wholly-own subsidiary of OEL, recently completed expansion of its plastic closures manufacturing capacity, which involved investment of Rs 35 crores, at Murbad in Maharashtra. This expansion has added a capacity of 1.2 billion closures per annum, taking the total installed capacity to over 8 billion per annum - highest in India.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 May

25 MAY
NEWS
24 MAY
NEWS
23 MAY
NEWS
22 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS