Corporate
-
Restructuring
Star Paper Mills: `Asset rejuvenation plan by mid-2007'
Our Bureau
Kolkata
,
Sept. 7
The Chairman of Star Paper Mills Ltd (SPML), Mr G.P. Goenka, here on Wednesday indicated that the company's ongoing "asset rejuvenation" plan was expected to be completed by the middle of 2007.
Although the completion of the plan might raise production capacity to a considerable level, Mr Goenka was worried about the future because of increasing prices of raw materials and fuels.
Production capacity raise
Speaking at the company's AGM, Mr Goenka said the asset rejuvenation plan was being implemented to raise production capacity to a high level from the existing 80,000 writing and printing paper per annum.
The company was an integrated pulp and paper mill, having a wide variety of paper including industrial, packaging and cultural.
The AGM approved an ordinary resolution pertaining to a dividend of Rs 1.75 per Rs 10 share for the financial ended March, 2006, when it recorded a net profit of about Rs 9.28 crore on a sales turnover of about Rs 218.36 crore.
In the Q1 of the current fiscal, the company recorded a net profit of about Rs 56 lakh on a sales turnover of about Rs 57 crore.
More Stories on :
Restructuring |
Dividend Announcement |
Paper |
rd & Newsprint
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
