Astron Paper and Board Mill completes trial of new product 'Absorbent Paper'

16 Jun 2022 , 11:13 AM

Astron Paper and Board Mill Limited has completed the trial of new product named “Absorbent Paper” successfully at Balaram Papers Private Limited, wholly owned subsidiary, Mehsana, Gujarat.

In a regulatory filing, the company said, “Taking into consideration the current market situation of paper mills and paper industries, we are unable to continue the plant at its full capacity. However, the production will be carried on as and when the sales orders are received.”

On Thursday, at around 11:15 AM, Astron Paper & Board Mill was trading at Rs39.25 per share down by Rs0.55 or 1.38% from its previous closing of Rs39.80 per share on the BSE.

The scrip opened at Rs40 and has touched a high and low of Rs40.90 and Rs39.10 respectively so far today.