What to watch. CCL Products gets nod to set up Chittor unit

CCL Products (India), in a post market hours disclosure, said the Development Commissioner of Visakhapatnam Special Economic Zone has given approval to it for setting up a freeze dried instant coffee manufacturing unit at Kuvakolli village, Varadaiah Palem Mandal, Chittoor, Andhra Pradesh. It was earlier reported that CCL Products was planning to set up the plant at an investment of $40 million. The plant will add 5,000 tonnes per annum to its capacity, taking the total to 40,000 tpa.