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Emami Paper Mills Ltd.

BSE: 533208 Sector: Industrials
NSE: EMAMIPAP ISIN Code: INE830C01026
BSE 00:00 | 24 Apr 2020 Emami Paper Mills Ltd
NSE 05:30 | 01 Jan 1970 Emami Paper Mills Ltd

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OPEN 83.85
PREVIOUS CLOSE 79.90
VOLUME 204
52-Week high 174.75
52-Week low 47.45
P/E 23.69
Mkt Cap.(Rs cr) 507
Buy Price 83.85
Buy Qty 1612.00
Sell Price 71.00
Sell Qty 1.00
OPEN 83.85
CLOSE 79.90
VOLUME 204
52-Week high 174.75
52-Week low 47.45
P/E 23.69
Mkt Cap.(Rs cr) 507
Buy Price 83.85
Buy Qty 1612.00
Sell Price 71.00
Sell Qty 1.00

Emami Paper Mills Ltd. (EMAMIPAP) - Company History

Emami Paper Mills Ltd is the largest newsprint manufacturer in India. The company is a paper mill based on recycled - fiber located in Balasore (Orissa) and Kolkata (West Bengal). The company is a constituent of the Emami Group which possesses diverse business interests comprising FMCG edible oil writing instruments healthcare retail departmental stores and real estate.The company supplies newsprint to some of the largest dailies like The Times of India Anandabazar Patrika The Telegraph Hindusthan Times The Hindu Prabhat Khabar Samaj Bartaman Dainik Bhaskar Dainik Jagaran Malayam Manorama and Deccan Herald. Their Writing & Printing papers are distributed through dealers and also directly supplied to Govt Printing Presses/ Text Book Presses.Emami Paper Mills Ltd was incorporated on Sept 26 1981 with the name Gulmohar Construction Industries Ltd. The factory in Kolkata was originally promoted by Wimco in the year 1964. In 1989 it was taken over by the company. In March 27 1990 the company changed their name from Gulmohar Construction Industries Ltd to Gulmohar Paper Ltd. The unit became sick in the year 1990. During the year 1990-91 Emami joined as a strategic partner. In the year 2000 Emami Paper Mills Ltd with a factory at Balasore Orissa was merged with Gulmohar Paper Ltd and the name of the company was changed from Gulmohar Paper Ltd to Emami Paper Mills Ltd with effect from December 29 2000. In the year 2004 the company commissioned the brick plant. Also they won an award for environment safety and green belt development. In the year 2005 the capacity of the Machine I at Balasore was enhanced to 50 TPD while the capacity of the second machine at Balasore was increased to 85 TPD. They bagged the achievement Award as best medium - Scale Unit.In the year 2006 the company received the Excellence Award for Industrial environment management. Also they received the TPM excellence award - 1st Category. In the year 2008 the company installed Paper Machine 3 (250 TPD) a de-inking plant (300 TPD) and 15 - MW Power Plant at the Balasore Unit. The company was accredited for ISO 14001: 2004 and OHSAS 18001: 2007 by Det Norske Veritas AS Netherlands.In September 2007 the company completed the expansion project of increase in the production capacity from 60000 TPA to 145000 TPA at Balasore and commenced commercial production from March 2008. The Expansion Plan also includes a new De-inking plant from VOITH Germany and a 15 MW Power Generation Unit - II.During the year 2008-09 the company signed an MoU with the Government of West Bengal for setting up a wood based integrated pulp and paper mill with a production capacity of 600 TPD (200000 TPA) along with necessary infrastructural facilities and ancillaries.The company's equity shares were listed on the Bombay Stock Exchange Ltd (BSE) with effect from June 15 2010. The company has taken necessary steps to set up 400 TPD (132000 TPA) Newsprint project at a project cost of Rs 500 crore. The project is likely to be set up in South India or at existing location at Balasore. Also the company is in the process of setting up 600 TPD (200000 TPA) wood based integrated pulp and paper mill in Orissa along with necessary infrastructural facilities and ancillaries. The project will be set up in 2 phases and the first phase of 300 TPD (100000 TPA) at a project cost of Rs 1000 crore is likely to be completed during the year 2013-14. In line with the planned expansion projects the company has firmed up plans for installing Printing & Writing Paper Machine of 175000 tpa and Elemental Chlorine Free (ECF) Bamboo/Wood Pulp Mill of 150000 tpa Captive Power Plant of 32 MW along with required Water Intake and Treatment facilities at a project cost of Rs 1225 crore in the first Phase.In November 2011 the company has reviewed their expansion project in respect of Wood-based Pulp & Paper Mills to be implemented at their existing plant site at Balasore Orissa. The Project cost has been reviewed and revised from Rs 1225 crore to Rs 1575 crore and the proposed capacity of the plant has also been revised from 175000 tpa to 185000 tpa.


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