NR Agarwal Industries has received in-principal consent from the Board for setting up a 500 MTPD Coated Duplex Board Plant based on 100% waste paper in Sarigam area of Gujarat State adjacent to the existing Writing & Printing Paper Plant. The estimated project cost is Rs 650 crore and shall be funded by way of term loans and internal accruals. The Board of the company at its meeting held on February 12, 2020, approved the same.
NR Agarwal Industries is an India-based company. The company is engaged in the business of manufacturing of paper boards and newsprint. The company's products include duplex board, news print, writing and printing and Kraft paper.