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Malu Paper Mills Ltd.

BSE: 532728 Sector: Industrials
NSE: MALUPAPER ISIN Code: INE383H01017
BSE 12:29 | 22 Aug 20.10 0.10
(0.50%)
OPEN

20.10

HIGH

20.10

LOW

20.10

NSE 12:21 | 22 Aug 19.95 -0.10
(-0.50%)
OPEN

19.50

HIGH

20.00

LOW

18.50

OPEN 20.10
PREVIOUS CLOSE 20.00
VOLUME 50
52-Week high 51.45
52-Week low 18.25
P/E 5.10
Mkt Cap.(Rs cr) 34
Buy Price 19.25
Buy Qty 199.00
Sell Price 19.50
Sell Qty 499.00
OPEN 20.10
CLOSE 20.00
VOLUME 50
52-Week high 51.45
52-Week low 18.25
P/E 5.10
Mkt Cap.(Rs cr) 34
Buy Price 19.25
Buy Qty 199.00
Sell Price 19.50
Sell Qty 499.00

Malu Paper Mills Ltd. (MALUPAPER) - Company History

Malu Paper Mills Limited is an India-based company engaged in manufacturing of paper. The Company is engaged in the manufacture of Kraft Paper and Newsprint. The Company has set up three paper manufacturing units in Nagpur, Central India. Malu Paper Mills Limited was incorporated in the year 1994. The company is promoted by the 'THE MALU FAMILY' and all the Promoters and Directors are from the family and are First Generation Entrepreneurs. The group have interests in Steam Coal Trading , Manufacturing of Welding Electrodes , Manganese Processing, Steel Castings & Exports; since last three decades, The company diversified into Manufacturing of Paper looking into the demand of the Industry and Nagpur's strategic location. Considering the vast potential in India, the company has set up Three Paper Manufacturing Units, in Nagpur, Central India. The units are having a capacity of 13500 TPA of Kraft Paper , 19800 TPA of Newsprint and 49500 MT of Quality Newsprint and Writing Prnting Paper, uses State-of-the-Art Technology from Global Leaders. The first Paper Mill commenced production in the year 1996 having capacity of 18 TPD. Later with little change and up gradation the plant is running with an installed capacity of 36 TPD. Having achieved experience of running a paper mill, and looking at demand and supply position and also looking at the growth and future prospects of Newsprint industry, the company decided to add another plant for the manufacturing of Newsprint having capacity of 60 TPD in the same compound; thereby utilizing same infrastructure facilities apart from achieving substantial saving in administrative and other overheads and increasing the overall profitability. The plant commenced production in a record time of thirteen months in the year 2001. After successfully running the 60 TPD Newsprint Plant, and with increasing demand, the Company went in for another Expansion of 150 TPD Plant with World Class Technology from ANDRITZ, Finland. The plant has a State-of -the-art Pulp Mill, the First of its Kind in India from Andritz, Paper Machine from Beloit, Calenders from Kusters, along with a 6 MW Captive Co Generation Plant for Power as well as Steam Generation. As of March 31, 2011, the Company had an installed capacity of 19,800 tons per annum of paper. During the year ended March 31, 2011, the Company produced 12,085.982 metric tons of paper in Unit I; 19,790.405 metric tons of Kraft paper in Unit II, and 25,245.524 metric tons of newsprint and 8,443.757 metric tons of writing and printing in Unit III.