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South India Paper Mills Ltd.

BSE: 516108 Sector: Industrials
NSE: SIPAPER ISIN Code: INE088G01014
BSE 00:00 | 25 Nov 116.75 1.05
(0.91%)
OPEN

117.40

HIGH

118.90

LOW

115.00

NSE 05:30 | 01 Jan South India Paper Mills Ltd
OPEN 117.40
PREVIOUS CLOSE 115.70
VOLUME 11929
52-Week high 195.00
52-Week low 107.00
P/E 81.64
Mkt Cap.(Rs cr) 175
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 117.40
CLOSE 115.70
VOLUME 11929
52-Week high 195.00
52-Week low 107.00
P/E 81.64
Mkt Cap.(Rs cr) 175
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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 November2002. 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.

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