Shreyans Industries Share Price

Shreyans Industries was promoted by Vardhaman Spinning and General Mills in 1979 to set up a 30-tpd paper project. A second-hand paper making machine from Belgium was imported for the purpose which went into production on 16 May.'82. Gradually, the operations of the company at its paper division at Ahmedgarh were expanded and modernised at regular intervals to the present capacity of about 70-tpd. In 1990-91, encouraged by its success in paper operations, the company set up a cotton spinning unit with an installed capacity of 25,000 spindles. The year 1994-95 saw this division achieve the status of an Export House. In Feb.'94, it took over the paper division of Zenith, a BIFR division of the Birla Group Company. The unit has since contributed substantially to the turnover of the company. The company implemented a project of setting up a chemical recovery plant with power generation at Shreyans Paper Mills, Ahmedgarh, at a cost of Rs 14.50 cr, which were commissioned in 1995-96. The expansion scheme for Rishabh Papers unit which was undertaken was completed succesfully during 2000-2001.The modernisation scheme for Chemical Recovery Plant and Co-generation Plant were also commissioned during the year. The company entered into contract with overseas buyers for supply and commissioning of Continuous Digesters, Subsequently it has exported two numbers of the same in 2002-03. To make its product more superior the company undertook Extraction cum Oxygen Bleaching project for its Ahemdgarh unit,which is expected to be commissioned by the second quarter of 2003. Implementing the same will definitely yield higher brightness in pulp with lower chemical consumption and will the company to produce better quality paper.