Rainbow Papers rises on commencing 20MW Power Plant on full fledge basis

20 Nov 2013 Evaluate

Rainbow Papers is currently trading at Rs. 74.90, up by 0.05 points or 0.07 % from its previous closing of Rs. 74.85 on the BSE.

The scrip opened at Rs. 74.55 and has touched a high and low of Rs. 75.00 and Rs. 74.55 respectively. So far 58215 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.60 on 21-Dec-2012 and a 52 week low of Rs. 71.10 on 29-May-2013.

Last one week high and low of the scrip stood at Rs. 78.50 and Rs. 74.20 respectively. The current market cap of the company is Rs. 738.81 crore.

The promoters holding in the company stood at 39.46 % while Institutions and Non-Institutions held 10.19 % and 21.33 % respectively.

Rainbow Papers’ Power Plant of 20MW is commissioned on full fledge basis. The Mill Modernization project has also been completed. The existing PM4, PM5 and PM7 have been modernized and capacity has increased by 29,700 MTPA.

The installation of Folding Duplex Box Board (PM-9) Machine is going on in full swing and is targeted to be completed by FY 2015. With this expansion, the capacity will increase by 132,000 MTPA. The cost of the project is Rs 480 crore. The same shall be used in the packaging of cosmetics, cigarettes, medicines, electrical appliances, etc.

Rainbow Papers is one of the fastest growing corporations in the Indian paper industry. The company offers a plethora of world class products ranging from duplex to file board, from writing paper to art card and from packaging and electric grade crepe to decorative tissues crepe, have given them a good recognition amongst their users whose thirst for better and new products.

 

Rainbow Papers Share Price

0.47 0.00 (0.00%)
03-Feb-2020 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 456.00
TN Newsprints 178.30
West Coast Paper 568.45
Emami Paper Mills 106.55
Seshasayee Paper 308.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.