Soma Papers & Industries Ltd

(516038)

Soma Papers Industries Ltd SPIL an associate of the Parijat Enterprises Group was incorporated in 1992 to takeover the hived of Coating Division of Shree Vindhya Papers. It manufactures Coated Paper Board and Speciality Paper and Boards like Coated paper Self Copy Paper Gum Paper.Presently Soma manufacture 10000 MT of coated paper in a year. The Company initially started with china clay coated paper and during the years has added on to its product range carbonless selfcopy papers fluorescent coloured papers and other speciality papers. All these products are marketed under the brand name Diamond Cote. Coated paper is generally used where th e detail of a picture photograph or a graphical design is to be printed. A coated surface gives a degree to contrast brilliance and detail far surpassing the uncoated product.Starting with a capacity of 6000 tpa it enhanced its capacity to 10000 tpa and has diversified into related fields. The company manufacture high value coating products by coating on plastic film instead of coating on paper. Vercon Industriesformerly Vecron Syntex 100 subsidiary of the company expanded its paper conversion/lamination unit at Silvassa as to include hotstamping foils and metallised films.The Company further got into a MoU with GTC Industries for the takeover of the latters two BIFR referred and closed paper mills i.e. Raigadh Papers and Premier Paper Mills. It set up a wind mill of 550 KW at Poolvadi Coimbatore which commenced production during 199697.The Company had stopped its manufacturing activity w.e.f. 4th August 2004 as the same had become totally unviable. As of now the Company is not engaged in any activity and the management is looking for a right opportunity to make the Company operational..

Share Price: ₹75.80 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹10.61Cr as of today