Companies

Piramal Glass to invest Rs.100 cr in greenfield project

Piramal Glass, a leading glass container manufacturer, on Wednesday said it would invest Rs.100 crore on capacity expansion at its Jambusar unit in Gujarat through a greenfield project, which is likely to be completed by 2011-12, the Piramal Group firm said.

“We will focus on high margin cosmetic and perfumery segment (C&P). We have decided to increase our production in the segment as the business contributed around 32 per cent to the total sales in third quarter of FY 11,” said PGL Managing Director Vijay Shah in a statement.

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Printable version | Jan 28, 2021 11:49:17 AM | https://www.thehindu.com/business/companies/Piramal-Glass-to-invest-Rs.100-cr-in-greenfield-project/article15447013.ece

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