 "Covid-19 impact: Sirpur Paper Mills temporarily shuts unit in Telangana")
JK Paper Ltd on Monday said its subsidiary Sirpur Paper Mills has temporarily shut its manufacturing plant in Telangana due to weak demand owing to the coronavirus pandemic.
Sirpur Paper Mills Ltd, subsidiary of "the company, has temporarily shut down its production operations at its manufacturing facility at Sirpur-Kaghaznagar in Telangana in view of the current market condition consequent to Covid-19-pandemic situation", JK Paper Ltd said in a regulatory filing.
The Covid-19 pandemic and the consequent lockdowns in various parts of the country have weakened the demand of products of the aforesaid subsidiary due to which its management has decided to temporarily shut down its manufacturing operations, the company said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%