Shree Bhawani Paper Mills Share Price Live

Shree Bhawani Paper Mills Ltd was promoted by Sudhir Tandon and Girish Tandon in association with UPSIDC and PICUP, manufactures writing and printing papers and wrapping paper. Commercial production c ... ommenced in Apr.'83. Its mill is situated at Rae Bareli in Uttar Pradesh. The company's performance was fluctuating as a result of labour unrest, unsatisfactory power supply and a recession that prevailed in the paper industry. In 1988-89, it undertook further modifications in the MF paper machine. A fluidised-bed combustion-type boiler was installed and commissioned in Mar.'88 to reduce the overall coal consumption and improve the quality and availability of coal. Power consumption was economised with suitable replacements of higher rating motors by lower rating ones. The company operates at the installed capacity of 21000 MT of printing, writing & wrapping papers. The company exports paper to Nepal and is exploring the possibility of exporting to other countries. During 1999-2000, the company has embarked on a co-generation project of 3 MW of electricity and it commenced its operations in August,2001. This project was financed by IFCI,Indian Bank and Bank of Baroda. Company was the first Paper Mill in the world to receive the Carbon Credits for Cogeneration Project based on biomass fuel in 2006. The Power Plant having capacity of 3MW was commissioned in March, 2007. Almost all plant and machinery was installed in the Pulp Mill and Paper Machine Section. Paper was reeled on 7th July, 2007 during the trial runs of the paper machine. During the year 2007, Company issued 1,23,18,000 Equity Shares of Rs. 10/- each for cash at a premium of Rs. 2/50p on Rights basis to the existing shareholders of the Company in the ratio of three equity shares for every one equity share held, in May, 2006 and the said Equity Shares got listed on Bombay Stock Exchange Ltd. in June, 2006. 3 MW Turbine was set up, making a total availability of 6 MW in 2008. The new Paper Machine and Waste Paper De-inking Plant was commissioned during 2007-08. The new paper machine III started commercial production on March 1, 2008. The Agro Pulping Plant became operative after installation of Lignin Removal Process (LRP) in 2009. Read More