|₹228.8 / ₹136.7|
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Incorporated in 1960 and promoted by S Viswanathan and N Gopalaratnam, Seshasayee Paper & Boards manufactures and markets almost all varieties of paper boards and also effects substantial exports of not only paper and boards but also merchandise like cashew. The manufacturing capacity of paper is 115000 tpa (average weightage:82 gsm). The company derives 70% of its turnover from writing and printing paper, while the balance comes from industrial varieties like poster paper, duplex boards, kraft paper, etc. The company uses bagasse as raw material to enjoy tax benefits. 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.