Raj Packaging plans expansion

Hyderabad: The Hyderabad-based Raj Packaging Industries Ltd will be adding one more blown film line as part of its expansion programme with an investment of Rs 6.70 crore. The board of directors has approved the project at a meeting held here recently, according to a release. The project would be completed by the second quarter of the next financial year. Internal accruals and term loans from banks and financial institutions would help fund the expansion.