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Sirpur Paper Mills looks for debt restructuring

04 Jul 2012 Evaluate

Sirpur Paper Mills has forwarded a debt restructuring proposal to its lender banks. It had suffered production losses following the shutdown of its Sirpur-Kaghaznagar plant for 40 days due to an accident. This move by the company was also due to difficult market conditions.

The company’s soda recovery boiler at Sirpur-Kaghaznagar plant in Andhra Pradesh was damaged in an accident, in April. It has repaired the plant and production is being resumed in a phased manner.

Sirpur Paper Mills is amongst the largest paper manufacturers of variety and colour paper in India. The company manufactures wide range of papers.

Peers
Company Name CMP
JK Paper 378.45
TN Newsprints 156.55
West Coast Paper 523.60
Emami Paper Mills 81.36
Seshasayee Paper 264.80
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