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South India Paper Mills Ltd.

BSE: 516108 Sector: Industrials
NSE: SIPAPER ISIN Code: INE088G01014
BSE 12:46 | 22 Feb 82.50 -0.30
(-0.36%)
OPEN

82.50

HIGH

82.75

LOW

82.50

NSE 05:30 | 01 Jan South India Paper Mills Ltd
OPEN 82.50
PREVIOUS CLOSE 82.80
VOLUME 3540
52-Week high 131.85
52-Week low 76.95
P/E 6.92
Mkt Cap.(Rs cr) 124
Buy Price 82.50
Buy Qty 10.00
Sell Price 83.00
Sell Qty 1000.00
OPEN 82.50
CLOSE 82.80
VOLUME 3540
52-Week high 131.85
52-Week low 76.95
P/E 6.92
Mkt Cap.(Rs cr) 124
Buy Price 82.50
Buy Qty 10.00
Sell Price 83.00
Sell Qty 1000.00

South India Paper Mills Ltd. (SIPAPER) - Company History

South India Paper Mills (SIPM), incorporated in 1959, produces writing, printing and packing paper & paper boards from it's Nanjangud factory. SIPM went public at a premium of Rs.50 per share in Dec. 1994, to part-finance the expansion of its paper manufacturing capacity from 57 tpd to 69 tpd and to set up a co-generation facility to produce 2.7 MW of power by processing steam, While the expanded capacity went on stream in Mar.'95, work on the co-generation project commenced in Aug.'95. The co-generation of power has considerable reduced the energy cost and improved it's cost-competitiveness. The company has under taken an expansion project involving setting up of Turbo Generating set of 8 MW capacity for captive and suplus to grid, Electro Static Precipitator System, High Presure Boiler of 25 tph capacity and New Paper Machine at an outlay of Rs.41 Crores. The project was completed as per schedule in November,2002. The 141 MT per day was also completed in 2002. The above said project was funded by Term loans from Banks/Financial Institutions of Rs.25 crores and balance by Internal Accruals of Rs.16 crores.