Nippon Investment picks 210,000 shares of Andhra Pradesh Paper Mills

Nippon Investment and Finance Company has purchased 210,000 shares of Andhra Pradesh Paper Mills in an open market transaction. The shares were purchased at Rs 299.80 on the Bombay Stock Exchange (BSE) on July 17, 2013.

Andhra Pradesh Paper Mills manufactures paper of various grades such as writing, printing, industrial, newsprint and copier. The company has also set up a 34 MW Double Extraction Condensing type turbine to meet its power requirements. Company owns two manufacturing facilities having a cumulative production capacity of 1, 74,500 TPA.