Sundaram Multi Pap to transfer Nagpur industrial land to affordable housing scheme

Sundaram Multi Pap Ltd. | Printing & Stationery | Media | BSE: 533166 | NSE: SUNDARAM

22 Dec 2017 Evaluate

Sundaram Multi Pap has received an approval for transfer of Nagpur Paper Mill industrial land to affordable housing scheme under Pradhan Mantri Aavas Yojna (PMAY). The company owns a paper mill land unit area of 1,09,000 square meter (10.90 hectare) at Nagar Parishad, Kanhan, Pimpri, Nagpur, Maharashtra, which falls under Nagpur Improvement Trust, Nagpur.

This paper mill land was under industrial zone, however company had made an application on September 28, 2017 to the office of Nagar Parishad, Kanhan, Pimpri, Nagpur, Maharashtra, for transferring the same land title from industrial land to residential land.

Under the government rule for Public Residential Development, Nagar Parishad, Kanhan, Pimpri, Nagpur, Maharashtra, has approved and accepted the proposal for transferring the company’s Nagpur paper mill industrial land area i.e. 1,09,000 square meters into, residential land to be used for Affordable Housing Scheme under Pradhan Mantri Aavas Yojna (Residential and/or Commercial).

Further, the company may either sell the entire land or enter into joint venture with any public or private sector organizations for developing the same under the Affordable Housing Scheme, under Pradhan Mantri Aavas Yojna.

Sundaram Multi Pap (SMPL) is engaged in the manufacture of notebooks, account books, other paper stationery products, Kraft paper and trading of office paper stationery. Its operating facilities are located at Palghar, Nagpur and Kandla (SEZ facility). It sells its products in local as well as exports market.

Sundaram Multi Pap Share Price

1.39 -0.03 (-2.11%)

07-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
DOMS Industries	2357.70
Flair Writing Indu.	333.40
Kokuyo Camlin	94.34
Linc	107.80
Sundaram Multi Pap	1.39
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