Shree Bhawani Paper Mills Ltd Share Price

(502563)

Shree Bhawani Paper Mills was promoted by Sudhir Tandon and Girish Tandon in association with UPSIDC and PICUP manufactures writing and printing papers and wrapping paper. Commercial production commenced in Apr.83. Its mill is situated at Rae Bareli in Uttar Pradesh.The companys performance was fluctuating as a result of labour unrest unsatisfactory power supply and a recession that prevailed in the paper industry. In 198889 it undertook further modifications in the MF paper machine. A fluidisedbed combustiontype 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 19992000 the company has embarked on a cogeneration project of 3 MW of electricity and it commenced its operations in August2001. This project was financed by IFCIIndian Bank and Bank of Baroda..