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South India Paper Mills Ltd.

BSE: 516108 Sector: Industrials
NSE: SIPAPER ISIN Code: INE088G01014
BSE LIVE 15:40 | 14 Dec 137.60 3.80
(2.84%)
OPEN

134.25

HIGH

138.50

LOW

130.30

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 134.25
PREVIOUS CLOSE 133.80
VOLUME 24595
52-Week high 141.50
52-Week low 90.25
P/E
Mkt Cap.(Rs cr) 206
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 134.25
CLOSE 133.80
VOLUME 24595
52-Week high 141.50
52-Week low 90.25
P/E
Mkt Cap.(Rs cr) 206
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

South India Paper Mills Ltd. (SIPAPER) - Company History

South India Paper Mills (SIPM), incorporated in 1959, produces writing, printing and packing paper & paper boards from it's Nanjangud factory. SIPM went public at a premium of Rs.50 per share in Dec. 1994, to part-finance the expansion of its paper manufacturing capacity from 57 tpd to 69 tpd and to set up a co-generation facility to produce 2.7 MW of power by processing steam, While the expanded capacity went on stream in Mar.'95, work on the co-generation project commenced in Aug.'95. The co-generation of power has considerable reduced the energy cost and improved it's cost-competitiveness. The company has under taken an expansion project involving setting up of Turbo Generating set of 8 MW capacity for captive and suplus to grid, Electro Static Precipitator System, High Presure Boiler of 25 tph capacity and New Paper Machine at an outlay of Rs.41 Crores. The project was completed as per schedule in November,2002. The 141 MT per day was also completed in 2002. The above said project was funded by Term loans from Banks/Financial Institutions of Rs.25 crores and balance by Internal Accruals of Rs.16 crores.