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International Paper inches up on the BSE

17 Apr 2014 Evaluate

International Paper APPM is currently trading at Rs. 237.10, up by 0.20 points or 0.08% from its previous closing of Rs. 236.90 on the BSE.

The scrip opened at Rs. 236.60 and has touched a high and low of Rs. 239.80 and Rs. 236.50 respectively. So far 1521 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 327.90 on 09-Oct-2013 and a 52 week low of Rs. 181.35 on 25-Apr-2013.

Last one week high and low of the scrip stood at Rs. 254.95 and Rs. 236.00 respectively. The current market cap of the company is Rs. 942.55 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 4.93% and 20.07% respectively.

International Paper APPM (IP-APPM), a group company of International Paper in India, has inaugurated India’s largest Casurina Clonal Propagation Center (CPC) in Mulugapudi village in Vishakapatnam district of Andhra Pradesh. This is the company’s 5th CPC in the country and is equipped with state of the art technology to develop superior clonal saplings which can double the productivity of pulpwood as compared to conventional seedling methods. The productivity through the clonal saplings will increase to 65-70 MT pulpwood per acre during 4 year plantation cycle from existing 30-35 MT per acre of the conventional seedling plantations.

This new cloning centre is spread across a vast area of 5.4 acres and has 20 low cost poly houses which will enable the farmers (tree growers) to maximize not only the bio-productivity of their per unit land mass but will also enhance their socio-economic status. The centre also has 2 hardening chambers with a capacity of 8 lakh rooted clones. These superior quality saplings are then provided to farmers from the center's open nursery for further cultivation and thereafter pulpwood is sourced from these farmers for use in paper manufacturing process.

The new CPC which follows a semi-mechanized system of clonal propagation is strategically located in the region where Casuarina is cultivated providing easy access of superior quality saplings to farmers in all weather conditions. The distribution system is managed by the IP-APPM's farm forestry team. Local communities, particularly women's groups are being trained to produce these low cost Casuarina clones, positively impacting their livelihood. The center will generate employment of 35,000 man hours per annum.

Andhra Paper Share Price

67.85 -0.36 (-0.53%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
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