Nov 15, 2018
With an investment of Rs. 100 crore at Tata Steel Special Economic Zone in Odisha, Tata Global Beverages is all set to begin a new tea packaging unit. The company has entered into a letter of Intent (LOI) with Tata Steel Special Economic Zone Ltd, a wholly-owned subsidiary of Tata Steel Ltd for setting up a tea packaging unit in Gopalpur Industrial Park, Odisha.
The company said the planned unit will be used for the operation of manufacturing and storage of tea and will also be used as warehouse of all products of the company, including its subsidiaries, associates and joint-venture companies.
Tata Global Beverages Ltd said the estimated scalable capacity of the new unit is expected to be 36 million kgs per annum and it would be operational by 2020, post all statutory and regulatory clearances.