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Seshasayee Paper & Boards Ltd.

BSE: 502450 Sector: Industrials
NSE: SESHAPAPER ISIN Code: INE630A01016
BSE LIVE 15:40 | 15 Dec 871.55 -3.00
(-0.34%)
OPEN

889.00

HIGH

889.00

LOW

870.00

NSE 15:57 | 15 Dec 866.30 0.30
(0.03%)
OPEN

870.00

HIGH

898.95

LOW

857.05

OPEN 889.00
PREVIOUS CLOSE 874.55
VOLUME 444
52-Week high 948.50
52-Week low 650.00
P/E 9.01
Mkt Cap.(Rs cr) 1,099
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 889.00
CLOSE 874.55
VOLUME 444
52-Week high 948.50
52-Week low 650.00
P/E 9.01
Mkt Cap.(Rs cr) 1,099
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Seshasayee Paper & Boards Ltd. (SESHAPAPER) - Company History

Incorporated in 1960 and promoted by S Viswanathan and N Gopalaratnam, Seshasayee Paper & Boards manufactures and markets almost all varieties of paper boards and also effects substantial exports of not only paper and boards but also merchandise like cashew. The manufacturing capacity of paper is 115000 tpa (average weightage:82 gsm). The company derives 70% of its turnover from writing and printing paper, while the balance comes from industrial varieties like poster paper, duplex boards, kraft paper, etc. The company uses bagasse as raw material to enjoy tax benefits. The company completed the first phase (cost:Rs 10 cr) of its modernisation programme in 1994, for which it came out with a rights issue at a premium of Rs 10 in Dec.'93. In the same year, the company spent over Rs 6 cr on energy conservation, financed by term loans from IDBI. It has enhanced its capacity to 115000 tpa from 69000 tpa. Company's quality systems continue to be covered by the "ISO 9001" accrediation awarded by Det Norske Veritas, The Netherlands. The company is repaying its term loans for which it availed for Expansion/Modernization projects,due to the Financial Institution/Banks. A multi-purpose business paper 'SPRINT' was launched during 2003 and the same was well accepted in the market.