Indian firm Seshasayee Paper and Boards is planning to invest more than EUR 60 million to enhance operational capabilities, The Hindu Business Line reported.
“The primary objective of the investment is to improve cost-competitiveness,” says N Gopalaratnam, Chairman, Seshasayee Paper, according to the report.
The investment will be allocated to expand pulp production and captive power generation at two mills in the southern state of Tamil Nadu. In addition, the company will also set up a chemical recovery island and upgrade the bagasse pulp and waste water treatment plants.
