Orient Paper & Industries Ltd - ORIENT PAPER Share Price

Summary

Orient Paper & Industries Ltd (OPIL), a CK Birla group company (formally known as Orient Paper Mills Ltd), incorporated in 1939, is primarily engaged in manufacture & sale of Paper, Electrical Consumer Durables, Chemicals, Industrial Blowers and Air Pollution Control Equipments. It is the leading tissue paper manufacturer in India. The Company presently has manufacturing facilities at Amlai, Brajrajnagar, Faridabad, Noida & Kolkata. The Cement Undertaking of the Company has been transferred to Orient Cement Limited on going concern basis w.e.f. April 01, 2012, pursuant to the scheme of arrangement approved by the Honble Orissa High Court,In the early years of the company, the company was manufacturing paper, boards and cement. In the year 1978 the name of the company was changed to the present name ORIENT PAPER AND INDUSTRIES LTD. A pilot pulp and paper plant of the company was commissioned in February of the year 1978. The pulp mill was redesigned for production of bleached pulp from rags, hemp, cotton, stalk, etc., as also from bamboo or other forestand/or agricultural residents. In September 1982, a cement plant was commissioned at Devapur (AP) with an annual capacity of 9 lakh tonnes. The agreement with Panafrican paper Mills (E.A.) Limited for providing technical know-how, management and other services was renewed for a further period of 5 years with effect from 30th June 1989. In end of the year 1990 the second unit of the cement factory was commissioned. In 1991, the... Read More