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TTL proposes to buy two enterprises at Daman
Considering the consistently growing demand for the company’s products in the industrial packaging segment, the company proposes to buy the Land and Building, Plant and Machinery and other Fixed Assets aggregating in all to about INR 536 lakhs (duties and taxes extra, as applicable) and inventories at actual cost, from two enterprises engaged in the manufacture of industrial plastic drums / containers of capacity ranging from 20 to 200 litres, at Daman. The process is planned to be completed during July ‘07 itself.
Company expects that the enhancement in the production capacities at Daman would enable it meet the increasing spurt in demand in the industrial packaging segment in the Western Region.
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