Seshasayee Paper & Board has received approval for funding of the Project, Mill Development Plan - III (MDP - III) at Unit : Erode with a Debt of 30% of the estimated Net Capital Cost of the Project (Net Capital Cost is estimated at Rs 275 crore - i.e. total project cost of Rs 315 crore Less : Estimated Input Credit of Rs 40 crore).
The debt component accordingly represents Rs 82.50 crore out of the Project Cost and balance will be funded by Internal Accruals. The Board of Directors of the Company at its meeting held on July 27, 2019 has approved the same.
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.