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Mukerian Papers Ltd.

BSE: 516068 Sector: Industrials
NSE: MUKERPAPER ISIN Code: INE348C01011
BSE 05:30 | 01 Jan Mukerian Papers Ltd
NSE 05:30 | 01 Jan Mukerian Papers Ltd

Mukerian Papers Ltd. (MUKERPAPER) - Company History

Incorporated in Dec.'75, Mukerian Papers (MPL) is a part of the Vidyasagar Oswal Group. The group manufactures cotton and acrylic yarn, woollens, sugar, vanaspati ghee and edible oils apart from paper. The other group companies include Malwa Cotton Spinning Mills, Punjab Woolcombers, Oswal Sugars and Oswal Foods. Mukerian Papers manufactures the M F and M G varieties of writing and printing paper. In 1993, the company took up a Rs 65-cr expansion, installing a 60-tpd integrated pulp paper plant along with facilities to co-generate 5 MW of power. MPL came out with a rights-cum-public issue of PCDs in Sep.'94 to part-finance its expansion-cum-modernisation programme. The pulp and paper mill went on stream in Nov.'94, enhancing its capacity from 12,300 tpa to 33,000 tpa. Currently manufacturing only ordinary varieties of writing and printing paper (from straw and bagasse), the company's product range will encompass a wide variety of printing paper, including computer stationery. The company has chalked out a major expansion plan to substantially increase its installed capacity. Upgradation of the existing paper machine from 100 TPD to 130 TPD at Mukerian is under proposal stage. To treat the effluents of the complete plant and to overcome the water and air-pollution problems, a soda recovery plant at a capacity of 160 TPD with the latest international technology is also under proposal stage, with an additional co-generation of power of 6 MW. For the above project the company is in consultation with IFCI and also with their Technical Consultants M/s Chem-Project Consultants Pvt Ltd.