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Shiva Paper Mills Ltd.

BSE: 502550 Sector: Industrials
NSE: N.A. ISIN Code: INE186D01013
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
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Shiva Paper Mills Ltd. (SHIVAPAPERMILL) - Company History

Shiva Paper Mills (SPML) incorporated in Jan 1979 and promoted by Pramod Jain and associates is into the business of manufacture of writing, printing papers. The company is also producing tissue papers and light weight poster paper. The 19800 tpa Rampur paper plant in UP has started commercial production of writing & printing paper in August 1981 with an installed capacity of 9900 tpa. The company has undertaken an modernisation and expansion programme in 1990, wherby the installed capacity has increased to 16500 tpa. Again the company has undertook an expansion programme in 1990, by which the capacity was upped to the current level of 19800 tpa. The company cameout with an rights issue in April 1995 aggregating Rs.5.97 Crores(at a premium of Rs.30) to part finance its project of installing balancing equipment and to meet its working capital requirements. The light weight paper machine project has reached an advanced stage in 1996-97 and expected to be completed shortly. The company has undertaken Rs. 8.5 Crore project of modernisation of MF Paper Plant and other auxillary equipment with the funding comming from IDBI to the tune of Rs.5.0 crores. The company has already commissioned 4 DG sets of 1250 KVA out of the total planned of five DG Sets, the installation of last DG set is under implementation. The company is exploring the possibility of diversifying its activities in the sugar, caustic soda, socks and knitted fabric segments. Other group companies include Shiva Medicare, Shiva Interaco and Jain Brothers. The company has commenced the production of tissue paper during the year 1998-99.