Mold-Tek Packaging Limited is inaugurating a new unit in Cheyyar, Tamil Nadu, which will commence commercial operations by March 31, 2024. The new unit will add a capacity of 1,500 MTA, with an investment of ₹20 Crores. The financing will be done through debt (30%) and retained earnings (70%). The purpose of the new unit is to cater to the packaging requirements of M/s. Grasim Industries and other clients.