"Mold-Tek Packaging Ltd Set to Inaugurate Pharma Division at Sultanpur, Telangana Unit"

Mold-Tek Packaging Limited is poised to mark a significant milestone with the inauguration of its Pharma Division at the existing unit located in Sultanpur, Telangana, India. The inauguration is scheduled for Saturday, January 6, 2024, at 02:10 p.m. (IST) in the esteemed presence of Mr. J. Lakshmana Rao, Chairman and Managing Director, alongside other distinguished Directors and Officials of the company.

In addition to the inauguration, the commencement of Commercial Production/Commercial Operations at the Pharma Division in the Sultanpur unit is expected on or before March 31, 2024. The company's existing capacity stands at 47,290 MTA, with a proposed addition of 1,500 MTA at an outlay of Rs. 45 crores, funded through a combination of debt and retained earnings.

This strategic expansion represents a new vertical for Mold-Tek Packaging Ltd, addressing the rising demand in the Pharma Packaging sector. The inauguration and subsequent operations signify the company's commitment to diversification and innovation in catering to evolving industry needs.

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