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Shree Vindhya Paper Mills Ltd.

BSE: 502452 Sector: Industrials
NSE: SHRVINDPPR ISIN Code: INE210D01011
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Shree Vindhya Paper Mills Ltd. (SHRVINDPPR) - Company History

Shree Vindya Paper Mills (SVPML), a member of Parijat Group is into manufacture of Speciality papers and Writing & Printing papers using bagasse as raw material. In the early 1990's the company has undertaken business restructuring, expansion programmes and whereby the coating division of the company is divested as a going concern to Soma Papers & Industries Ltd., a newcompany in January 1992. The company in its pursuit towards becoming an cost effective manufacture of paper has undertaken steps in this direction in October 1993 by setting up a power generation plant and chemical recovery faciltiy along with the expansion project of increasing its installed capacity to 33000 tpa from 14000 tpa at an total estimated cost of Rs.60 Crores. This expansion project is expected to be completed by Dec. 1996. Further the company has commissioned a third paper machine, along with the caustic soda recovery plant. The company which has obtained a licence to put up a 2500 tcd Sugar plant has decided to set up this project under a Separate Company. Shree Vindhya Cast Coaters(SVCCL), a subsidiary of SVPML is into manufacturing of Cast Coated paper & board. SVCCL has launched packaging board for consumer goods, which is a eco friendly substitute for poly laminated packaging board.