West Coast Paper rises after Dandeli unit partially starts production

West Coast Paper Mills gained 2.6% to Rs 140.1 after the company said it partially started production at Paper and Duplex Board division in Dandeli in Karnataka.

The company announced during trading hours today, 8 April 2020, that the Government of Karnataka has classified the pulp and paper industry as 'continuous process industrial units' and has exempted the industry from existing lockdown.

Accordingly, West Coast Paper has partially started production at Paper and Duplex Board Division, Dandeli with a bare minimal strength of staff labour with a strict adherence to the safety guidelines with regard to the preventive measures taken for combating COVID-19.

The paper manufacturer had earlier initiated a lockdown in Dandeli on 25 March 2020. The company has also shut down its Telecom Cable Division, Mysore since 25 March 2020.

West Coast Paper Mills (WCPM), part of Bangur group is one of the leading player in the Indian Paper Industry. Apart from paper the company is also into manufacture & sale of Optical Fibre Cable and Jelly Filled Telephone cables. WCPM's Paper Division is located at Dandeli in Karnataka and Cable Division in Mysore, Karnataka.

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