Emami Papers has received sanction of Term Loan of Rs 130 crore from ICICI Bank, Kolkata. The company has also received sanction of enhancement of working capital limit from Rs 51 crore to Rs 60 crore by DBS Bank India. The Board of Directors of the Company at its meeting held on May 08, 2019 has approved the same.
Emami Paper is a part of Emami Group which possesses diverse business interests in FMCG, edible oil, paper, writing instruments, healthcare, retail departmental stores and real estate. The Company specializes in the manufacture of newsprint, writing and printing paper and Multilayer Coated Board.