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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.

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