Mold-Tek Packaging has received a letter of award from Grasim Industries (Paints Division), for supply of packing material (PAILS) and accordingly, a co-located facility will be set up at Panipat to cater to their demands.
The new facility is expected to be set up and operational by the end of calendar year 2023.
The project will entail an investment of Rs 30 crore approximately.
The company also proposes to set up food and FMCG IML container manufacturing facilities in Panipat to capture demand for these products in Northern India.
