South India Paper Mills Ltd

(516108)

South India Paper Mills SIPM incorporated in 1959 is engaged in manufacture of Paper Paperboards Cartons and Power Generation. The paper plant is located 150 km from Bangalore near Nanjangud in Karnataka state. The current capacity is about 200 MT/day. The manufacturing process is based on the recycling of scrap paper both imported and domestic. Some purchased pulp is also used. Paper is manufactured on three paper machines of capacity 45TPD. The plant is well connected to the major industrial areas in the Southern Peninsula by NH 212 to be 4 laned shortly and the Bangalore Mysore 4 Lane State Highway.SIPM went public at a premium of Rs.50 per share in Dec. 1994 to partfinance the expansion of its paper manufacturing capacity from 57 tpd to 69 tpd and to set up a cogeneration facility to produce 2.7 MW of power by processing steam While the expanded capacity went on stream in Mar.95 work on the cogeneration project commenced in Aug.95. The cogeneration of power has considerable reduced the energy cost and improved its costcompetitiveness. 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.SIPM began work on setting up its Printing Packaging Division PPD in September 200708 with the objective of introducing worldclass products to brand owners who use paper based packaging material. With the installation of stateoftheart board and box making equipment combined with fresh investment in the Paper Division it enhanced the quality of Linerboard and Fluting material. The Cogen facility consisting of 50tph CFBC Boiler Steam Turbine of 11 MW capacity Electro Static Precipitator ESP was implemented in FY 201516 new Transmission line of 66KV is under implementation to bring down the overall energy cost. In 202223 the expansion project to increase paper manufacturing capacity by addition of a new paper plant was completed and the New Production Capacity of 350 MTPD became operative during the year 2023..

Share Price: ₹99.00 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹191.72Cr as of today
Listing date: 19 Sep, 1996
Chairperson Name: Manish M Patel