Essel Propack inaugurated its first Greenfield unit in Kamrup, Assam. The unit will deliver high-quality laminated tubes with a manufacturing capacity of 275Mn tubes annually. The size of investment in phase-I is Rs. 82 crore and will provide employment to about 150 people. Aftercomplete ramp up, the total investment in the unit will be of Rs.192 crore (without land and building) for a capacity of 750Mn tubes. This is the first unit of the company in North-East of India.

The unit has been set up under the auspices of the Advantage Assam scheme of the Government of Assam. The new unit will augment the capacity making it a strategic sourcing site for the customers from North-East of India.

The Assam unit is another 'first' in the company's list of achievements. It is not only the company's first unit in North-East India but also the only global company manufacturing laminated tubes in the region.

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Beardsell Ltd, Almondz Global Securities Ltd, Vishnu Chemicals Ltd and Manaksia Ltd are among the other gainers in the BSE's 'B' group today, 28 January 2019.

Essel Propack Ltd surged 9.58% to Rs 107.5 at 12:03 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 62186 shares were traded on the counter so far as against the average daily volumes of 25818 shares in the past one month.

Beardsell Ltd soared 9.12% to Rs 19.15. The stock was the second biggest gainer in 'B' group. On the BSE, 50 shares were traded on the counter so far as against the average daily volumes of 1188 shares in the past one month.

Almondz Global Securities Ltd spiked 7.72% to Rs 25.8. The stock was the third biggest gainer in 'B' group. On the BSE, 9 shares were traded on the counter so far as against the average daily volumes of 802 shares in the past one month.

Vishnu Chemicals Ltd jumped 6.81% to Rs 137.95. The stock was the fourth biggest gainer in 'B' group. On the BSE, 584 shares were traded on the counter so far as against the average daily volumes of 329 shares in the past one month.

Manaksia Ltd gained 5.29% to Rs 38.8. The stock was the fifth biggest gainer in 'B' group. On the BSE, 326 shares were traded on the counter so far as against the average daily volumes of 1848 shares in the past one month.

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Net profit of Essel Propack rose 13.54% to Rs 45.45 crore in the quarter ended December 2018 as against Rs 40.03 crore during the previous quarter ended December 2017. Sales rose 16.70% to Rs 694.43 crore in the quarter ended December 2018 as against Rs 595.05 crore during the previous quarter ended December 2017.

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Essel Propack has received commitment of repayment of outstanding dues of Inter corporate deposit of Rs. 96.06 crores (ICD) from Sprit Infrapower & Multiventures (Sprit). Accordingly, an amount of Rs. 25.30 crore has already been received towards part repayment along with interest due and Sprit has further agreed to honour the remaining amount on or before31 March 2019.

Essel and Sprit had entered into Inter Corporate Deposit agreement in relation to dues of Rs. 96.07 crore payable to Essel. Sprit was related party as per applicable accounting standard.

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