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Shree Krishna Paper Mills & Industries Ltd.

BSE: 500388 Sector: Industrials
NSE: N.A. ISIN Code: INE970C01012
BSE LIVE 19:20 | 19 Oct 30.30 -1.55
(-4.87%)
OPEN

33.20

HIGH

33.40

LOW

30.30

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 33.20
PREVIOUS CLOSE 31.85
VOLUME 699
52-Week high 35.60
52-Week low 10.87
P/E 5.91
Mkt Cap.(Rs cr) 41
Buy Price 0.00
Buy Qty 0.00
Sell Price 30.30
Sell Qty 50.00
OPEN 33.20
CLOSE 31.85
VOLUME 699
52-Week high 35.60
52-Week low 10.87
P/E 5.91
Mkt Cap.(Rs cr) 41
Buy Price 0.00
Buy Qty 0.00
Sell Price 30.30
Sell Qty 50.00

Shree Krishna Paper Mills & Industries Ltd. (SHKRISHNAPAP) - Company History

Shree Krishna Paper Mills & Industries, established in 1972 turned public from private in 1986. Till Oct '86, the company functioned in it's original incorporated name Shree Krishna Paper Products Pvt Ltd. The company manufactures Paper, Coated paper, Thermal Sensitive paper. The company manufactures various types of coated papers which include chromo paper and art paper. It sells its products under the Senso Cote and Silver Cote brand names. In 1974, the company took over a paper unit located at Bahadurgarh from Bansal Paper Mills. The company then undertook a major modernisation programme. Over the years, the company has increased its capacity to 12,000 tpa. The company, in 1989, acquired Bhargava Papers Pvt Ltd which has a unit at Ghaziabad, Uttar Pradesh. This manufacturing unit is non-operational at present. The company decided to acquire this unit to expand its existing activities but, at a later date, an additional plot of land adjacent to the existing plant at Bahadurgarh, Haryana, was purchased by it. Since it was not logical to have two sets of similar organisations and manufacturing facilities in two different places, it decided to dispose off this unit to concentrate on the diversification and expansion plans at the Bahadurgarh unit. Shree Krishna Paper Mills came out with a Rs 4.37-cr public issue in 1995 to part-finance a project to manufacture thermal sensitive paper (fax paper). The company has a technical agreement with Hansol Paper, South Korea, to manufacture fax paper. This project was delayed due to delay in the machinery imported, however the production was commenced during 1996-97 for the project. The company is setting up a new unit with a capacity of 20000 TPA for manufacturing of paper at an semi developed land acquired from RIICO at Kotputli, Rajasthan. The company has also decided to produce Inkjet papers.