Ganga Papers India Ltd

Ganga Papers India Ltd

Kasat Paper and Pulp (KPPL) was incorporated in Mar.'85 as a private limited company by Shriram R Kasat and Shrikant M Kasat. It was converted into a public limited company in Dec.'92.Engaged in the manufacture of different types of kraft paper including special quality kraft paper and high grade kraft paper the company commenced commercial production in 1987 with an installed capacity of 6000 tpa. Kraft paper is used for the manufacture of corrugated cartons and boxes. In 1990-91 KPPL undertook an expansion project to increase the installed capacity from 6000 tpa to 12000 tpa. Again the capacity was increased by 3000 tpa to take the total installed capacity to 15000 tpa in 1993-94. In Sep.'93 the company established Unipack Containers and Carton Products a joint venture with a resident of the UAE in Dubai for the manufacture of corrugated printed cartons sheets and trays. The company holds a 49% stake in the joint venture in Dubai.KPPL is setting up manufacturing facilities for the manufacture of 10000-tpa of newsprint and 5000-tpa of white writing/printing paper. In order to part-finance this project it came out with a public issue of 2833340 equity shares of Rs 10 each for cash at a premium of Rs 20 per share aggregating Rs 85000200 in Apr.'96. The company is also setting up a co-generation plant of 1.4 MW capcity for captive consumption.