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Shree Rama Newsprint Ltd.

BSE: 500356 Sector: Industrials
NSE: RAMANEWS ISIN Code: INE278B01020
BSE 15:40 | 19 Jan 33.90 -0.80
(-2.31%)
OPEN

34.25

HIGH

34.60

LOW

33.25

NSE 15:41 | 19 Jan 33.75 -0.75
(-2.17%)
OPEN

34.75

HIGH

34.75

LOW

33.25

OPEN 34.25
PREVIOUS CLOSE 34.70
VOLUME 22273
52-Week high 39.45
52-Week low 18.05
P/E
Mkt Cap.(Rs cr) 500
Buy Price 0.00
Buy Qty 0.00
Sell Price 33.90
Sell Qty 1435.00
OPEN 34.25
CLOSE 34.70
VOLUME 22273
52-Week high 39.45
52-Week low 18.05
P/E
Mkt Cap.(Rs cr) 500
Buy Price 0.00
Buy Qty 0.00
Sell Price 33.90
Sell Qty 1435.00

Shree Rama Newsprint Ltd. (RAMANEWS) - Company History

Rama Newsprint & Papers Ltd(RNPL), promoted in 1994 is the largest private sector player in the Indian Newsprint sector today, with an annual manufacturing capacity of 1.5 lakh tonnes of newsprint/writing and printing paper. West Coast Paper Mills, the flagship company of S K Bangur Group along with its associates has picked up 34.25 % stake in 2003. RNPL's manufacturing facility at Gujarat includes a paper mill and a captive power generation unit. This unit uses recycled paper as input material for producing newsprint. Rama Newsprint can alone meet almost 20 per cent of the countrys current newsprint requirements. Besides supplying newsprint to different newspapers, the company also uses part of its capacity for producing PWP depending on market conditions. The company set up the project in 1994. Since then, it has relied on equity funds for financing its expansion projects. Promoters and their associates were alloted 150 crore equity shares on preference basis and ICICI an 3.81 lakh shares in terms of its term loan. Hence, its equity base has now swollen to a high of close to Rs 232.6 crore. Due to not encouraging scenario for Newsprint the company is continuing with its plan of changing the product mix to Writing and Printing paper.