Seshasayee Paper & Boards has proposed to undertake Mill Development Plan -MDP-III at an estimated cost of Rs 315 crore at its Erode unit. The project will be taken up in convenient phases and implemented between 9 months and 21 months. The work on the project will commence in 02 of Financial Year 2019-20. Funding of this project will be through internal accruals and long term loans, which will be decided in the ensuing Board Meeting scheduled on July 27, 2019.
The project is for upgradation and modernisation of the Paper Machines to increase the capacity from 132000 tonnes per annum to 165000 tonnes per annum, up-gradation and modernisation of the RDH Pulp Mill to increase the capacity to 154000 tonnes per annum, up-gradation of the recovery Island and augmentation of waste water treatment plant.
Seshasayee Paper & Boards operates an integrated pulp, paper and paper board Mill. The product range of the company includes MF I And MF II, MG, Yankee and MF3.