Aurangabad Paper Mills is engaged in the manufacture of kraft and newsprint paper. It was incorporated as a public limited company on January 06, 1977. The company manufactures kraft and central varieties of paper such as cream wove and glazed newsprint and other varieties at its manufacturing plant located at the MIDC industrial area in Paithan, Aurangabad. It was declared a sick company by the Board for Industrial and Financial Reconstruction (BIFR).

The registered office of the company is located at M.I.D.C, Paithan, Aurangabad-431148, Maharashtra.

Milestones:

• 1977- The company was incorporated as a public limited company on 6th January.  It was promoted by Parmeshwar G Mittal and Malivam G. Mittal. The Company manufactures pulp, paper and boards of all kinds. 
• 1978 - 600 shares subscribed for by the signatories to the Memorandum of Association. 4,15,400 shares taken up by promoters, etc. 6,24,000 shares offered at par to the public in Sept. 1977. 
• 1982- 1,25,000 Rights Equity shares issued in proportion of 1:8. 
• 1984 - The Company obtained a letter of intent for increasing the capacity from 9,000 tonnes to 16,500 tonnes. 
• 1988 - The Company had taken up an expansion-cum-diversification scheme for manufacture of 16,500 tonnes per annum (60 tonnes per annum) of Central varieties of paper such as cream wove and glazed news print, etc.  An additional paper machine was installed for this purpose.
• 1990 - 15,79,925 No. of Equity shares allotted (prem. Rs 10 per share) as Rights and to employees and public.
• 1991 - The Company undertook Cost Reduction Project which will increase the cost effectiveness of the Company by way of reduction in the cost of utilities. - The Company issued 19% non-convertible debentures for Rs 200 lakhs to Citibank N.A. on private placement basis. These debentures are to be redeemed at 5% premium at the end of 7th year from the date of allotment. - During January, the Company issued 4,27,500 No. of equity shares of Rs 10 each at a premium of Rs 10 per share on rights basis in the proportion of 36:10.  All were taken up.  Additional 64,125 shares were allotted to retain over subscription. - Another 21,400 shares of Rs 10 each at a premium of Rs 10 per share were offered to the employees.  All were taken up. Additional 3,200 shares were allotted to retain over subscription. - Simultaneously with the rights issue, the Company issued 9,25,000 No. of equity shares of Rs 10 each at a premium of Rs 10 per share through prospectus out of which (i) 92,500 shares to promoters, (ii) 46,250 shares to employees were reserved and allotted on preferential basis.  The remaining 7,86,250 shares were offered to the public. Additional 1,38,700 shares were allotted to retain over subscription (13,900 shares to promoters, 6,950 shares to employees and, 1,17,850 shares to the public). 
• 1994 - The Company conceived three new projects involving; installation of Soda Recovery Plant for recovering of black liquor; installation of composite pulping plant and modernisation of kraft paper machine to give value added products. - The Company entered into a MOU with NPPM for supplying black liquor to NPPM and take back white liquor from it. - 7,00,000 No. of equity shares allotted at a premium of Rs 25 per share to promoters on preferential basis.  13,72,463 Right Equity shares issued (Prem. Rs 25; Prop. 1:2).  Only 11,69,213 shares taken up out of 2,03,250 shares. 2,00,000 shares allotted to ICICI.

Business areas of the company:

The company manufactures kraft and central varieties of paper such as cream wove and glazed newsprint and other varieties at its manufacturing plant located at the MIDC industrial area in Paithan, Aurangabad.