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Rainbow Papers gets nod to make Rainbow Infrabuild as WOS of the company

12 Nov 2011 Evaluate

Rainbow Papers has received an approval to make Rainbow Infrabuild as a wholly owned subsidiary (WOS) of the company and to invest up to Rs 20 crore in the said WOS for setting up of box board project. The board at its meeting held on November 12, 2011 has decided for the same.

Further, the board of directors noted that during the quarter, second machine imported from Germany has been installed and the 20MW power plant would commence operations by March 2012.

Rainbow Papers is into manufacturing of paper and paper products, coated paper, crepe paper and produces almost 186 varieties of paper that cater to the diverse segments of the Indian as well as overseas usage market. The company exports its products to various countries in the US, Middle East, South Africa, South East Asia and UK.

Rainbow Papers Share Price

0.47 0.00 (0.00%)
03-Feb-2020 18:01 View Price Chart
Peers
Company Name CMP
JK Paper 388.80
TN Newsprints 154.90
West Coast Paper 529.15
Emami Paper Mills 81.36
Seshasayee Paper 262.40
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