Seshasayee Paper & Boards Ltd Performance
Open
330.3
Traded Value (Cr)
0.30
Prev. Close
332.7
Face Value
2
Volume
8999
Seshasayee Paper & Boards Ltd Fundamentals
Seshasayee Paper & Boards Ltd Financials
Resistance and Support
₹332.42
PIVOT
Resistance | |
---|---|
First Resistance | ₹334.533 |
Second Resistance | ₹336.367 |
Third Resistance | ₹338.483 |
Support | |
---|---|
First Support | ₹330.583 |
Second Support | ₹328.467 |
Third Support | ₹326.633 |
Delivery and Volume
About Seshasayee Paper & Boards Ltd
Seshasayee Paper & Boards Ltd. was incorporated in June 22, 1960 and promoted by S Viswanathan and N Gopalaratnam. The Company is engaged into manufacture and sale of printing and writing paper and has plants in two locations, one at Erode and another at Tirunelveli with an aggregate capacity to produce 255000 tonnes of paper, per annum (TPA). The company completed the first phase (cost:Rs 10 cr) of its modernisation programme in 1994, for which it came out with a rights issue at a premium of Rs 10 in Dec.'93. In the same year, the company spent over Rs 6 cr on energy conservation, financed by term loans from IDBI. It has enhanced its capacity to 115000 tpa from 69000 tpa. Company's quality systems continue to be covered by the 'ISO 9001' accrediation awarded by Det Norske Veritas, The Netherlands. The company is repaying its term loans for which it availed for Expansion/Modernization projects,due to the Financial Institution/Banks. A multi-purpose business paper 'SPRINT' was launched during 2003 and the same was well accepted in the market. During March 2011, the Company acquired 41.67% of the Equity Capital of Subburaj Papers Limited (SPL), held by the Promoters. During the year 2013, the Company acquired 100% of the Equity of Esvi International (Engineers & Exporters) Limited (Esvin) thereby making it a wholly owned subsidiary of the Company. During the year 2014, the Company issued 13,63,628 Equity Shares to the Equity Shareholders of SPB Papers Limited, which amalgamated with the Company, pursuant to the Scheme of Amalgamation approved by the Hon'ble High Court of Madras. In 2016, Company embarked on implementation of two Projects, viz., Mill Development Plan II at Unit : Erode and Mill Expansion Plan at Unit : Tirunelveli. The Mill Development Plan II - Phase I was completed which costed Rs. 75 crores. Under Phase-I, Wood Pulp Line was upgraded to produce 1 45 000 tonnes per annum of wood pulp. Second Stage Oxygen Delignification System and a Twin Roll Barrier Press were installed in the Wood Pulp Mill. A new Electro Static Precipitator was added in Chemical Recovery Complex. In addition, a new Winder was added to Paper Machine 1-4. Distributed Control System in the Stock Preparation Section of Paper Machines 1-4 and Energy Efficient Drive System were added in Paper Machine 3. Further, major retrofit was carried out in Power Boiler to generate additional steam and power. This helped to wheel 3 MW of power from Unit : Erode to Unit : Tirunelveli. Work commenced under Phase-II at an estimated cost of Rs 50 crores to enhance paper production and upgrading Bagasse Pulping facility and Waste Water Treatment Plant. Mill Expansion Plan in Unit : Tirunelveli was undertaken which costed Rs 75 crores. Film Press and Top Wire Former were installed in the Paper Machine to help in improving the quality of paper as well as step up production. De-Inking Plant recommissioned which helped to step up pulp production and reduce use of expensive imported pulp. Re-build of Power Boiler was completed to generate additional power. After completion of the Mill Development Plan - II (Phase - I and II) at Unit : Erode and Mill Expansion Plan in Unit : Tirunelveli in Financial Years 2017-18 and 2018-19, the Company embarked on a Mill Development Plan - III (MDP - III) at Unit : Erode costing Rs. 315 crores. The execution of the Project, MDP-III, commenced effective from July 01, 2020. The Company completed upgradation works on Paper Machine - 1 and Paper Machine - 5 in FY 2020-21 as part of project Mill Development Plan - III (MDP-III). As part of the second phase of the project, it completed upgradation works in Paper Machine - 2, Paper Machine - 4, Pulp Mill and Recovery Boiler during the Financial Year 2021-22. Accordingly, the total installed capacity of the Company currently stood at 2,55,000 tonnes per annum with the completion of the Project MDP-III.
Managing Director
1960
Founded
K S Kasi Viswanathan
NSE Symbol
SESHAPAPER
Seshasayee Paper & Boards Ltd Management
Name | Designation |
---|---|
N Gopalaratnam | Chairman & Exec. Director |
K S Kasi Viswanathan | Managing Director |
A L Somayaji | Independent Director |
Nanditha Krishna | Independent Director |
Mohan Verghese Chunkath | Independent Director |
Hans Raj Verma | Nominee (TIIC) |
GANESH BALAKRISHNA BHADTI | Director (Operation) |
T Rito Cyriac | Nominee (Govt) |
S Durgashankar | Independent Director |
Sheela Balakrishnan, | Independent Director |
Events
Dividend Announcement for Seshasayee Paper & Boards Ltd - Apr 27, 2024
On Apr 27, 2024, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 250.0%. This dividend percentage refle...
Read MoreSeshasayee Paper & Boards Ltd News
Similar Stocks
Company | Market Cap | Market Price | P/E Ratio |
---|---|---|---|
Century Textiles & Industries Ltd | ₹ 24331.23 Cr | ₹ 2,178.35 (0.61 %) | 61.17 |
JK Paper Ltd | ₹ 6423.74 Cr | ₹ 379.20 (0.60 %) | 7.12 |
West Coast Paper Mills Ltd | ₹ 4302.5 Cr | ₹ 651.40 (2.28 %) | 7.67 |
Andhra Paper Ltd | ₹ 2056.31 Cr | ₹ 517.05 (0.65 %) | 6.05 |
Tamil Nadu Newsprint & Papers Ltd | ₹ 1874.9 Cr | ₹ 270.90 (0.63 %) | 6.73 |