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Orient Paper & Industries Ltd.

BSE: 502420 Sector: Industrials
NSE: ORIENTPPR ISIN Code: INE592A01026
BSE 00:00 | 19 Feb 32.10 0.30
(0.94%)
OPEN

31.85

HIGH

33.40

LOW

31.85

NSE 00:00 | 19 Feb 32.25 0.45
(1.42%)
OPEN

31.80

HIGH

33.60

LOW

31.60

OPEN 31.85
PREVIOUS CLOSE 31.80
VOLUME 25909
52-Week high 52.70
52-Week low 25.45
P/E 8.00
Mkt Cap.(Rs cr) 681
Buy Price 32.10
Buy Qty 1000.00
Sell Price 33.00
Sell Qty 201.00
OPEN 31.85
CLOSE 31.80
VOLUME 25909
52-Week high 52.70
52-Week low 25.45
P/E 8.00
Mkt Cap.(Rs cr) 681
Buy Price 32.10
Buy Qty 1000.00
Sell Price 33.00
Sell Qty 201.00

Orient Paper & Industries Ltd. (ORIENTPPR) - Company History

Orient Paper & Industries Ltd (OPIL) a CK Birla group company (formally known as Orient Paper Mills Ltd) incorporated in 1939 is primarily engaged in manufacture & sale of Paper Electrical Consumer Durables Chemicals Industrial Blowers and Air Pollution Control Equipments. It is the leading tissue paper manufacturer in India. The Company presently has manufacturing facilities at Amlai Brajrajnagar Faridabad Noida & Kolkata. The Cement Undertaking of the Company has been transferred to Orient Cement Limited on going concern basis w.e.f. April 01 2012 pursuant to the scheme of arrangement approved by the Hon'ble Orissa High CourtIn the early years of the company the company was manufacturing paper boards and cement. In the year 1978 the name of the company was changed to the present name ORIENT PAPER AND INDUSTRIES LTD. A pilot pulp and paper plant of the company was commissioned in February of the year 1978. The pulp mill was redesigned for production of bleached pulp from rags hemp cotton stalk etc. as also from bamboo or other forestand/or agricultural residents. In September 1982 a cement plant was commissioned at Devapur (AP) with an annual capacity of 9 lakh tonnes. The agreement with Panafrican paper Mills (E.A.) Limited for providing technical know-how management and other services was renewed for a further period of 5 years with effect from 30th June 1989. In end of the year 1990 the second unit of the cement factory was commissioned. In 1991 the company undertook to supply technical know-how for the manufacture of paper in and outside India. The first stage of oxygen bleaching was commissioned for improved brighteners of paper and the second stage of chlorine di-oxide bleaching were commissioned in the year 1992 and the second stage of chlorine di-oxide bleaching was commissioned during 1993-94. A Memorandum of understanding was entered into with State Industrial & Investment Corporation of Maharashtra Ltd. (SICOM) for setting up a 80000 TPA bagasse based plant to produce newsprint/working and printing paper. The company was granted technical and financial collaboration to Panafrican Paper Mill (E.A.) Ltd. for setting up pulp and paper mill in Kenya in 1995. In 1996 the company's 6 MW Back Pressure Turbine was commissioned at Amlai to reduce power cost and reduce dependence on outside supply. The new tissue plant at Amlai was also commissioned in the year of 1997. Barajrajnagar plant of the company was suspended due to a major overhaul of the plant and equipment in 1997 for 3 months. During the same period the upflow tower system for chlorine dioxide bleach plant at Amlai and the 350 tonnes recovery boiler and electrostatic precipitator at Brajrajnagar were commissioned. The new tissue plant at Amlai was also commissioned. In 2000 the company decided to to sell its cement division.In 2012 The The Board shareholders and creditors of Orient Paper & Industries Limited (OPIL) approved a scheme for demerger of the Cement Undertaking of OPIL to Orient Cement Limited. OPIL and Orient Cement Limited filed applications in Court seeking sanction for such demerger and was approved by the hon'ble Orissa High Court.