Genus Paper Entered Into Two Non-binding MOU
Genus Paper & Boards Limited has entered into two non-binding Memorandums of Understanding (MOU), as follows:
(a) A non-binding MOU with the Government of Maharashtra (GOM) to invest Rs.1050 crores for setting up of Kraft Paper manufacturing plant, and
(b) A non-binding MOU with the Government of Uttar Pradesh to invest Rs. 600 crores for expansion of the current manufacturing facility.
The company will incur the investing amount within a period of 5 years from the date of application to the Directorate of Industries / relevant authorities after completion of all effective steps .