Sirpur Paper Mills Ltd

About the Company :

Sirpur Paper Mills Ltd was incorporated in 1938, is one of the largest manufacturers of variety and colour paper in India. Its production commenced in 1942-43 with a capacity of 5000 TPA (under the management of M/s Hyderabad Construction Company Limited) In 1953, the government of Hyderabad entrusted M/s. Birla Brothers Private Ltd. with the management of the Company as managing agent. The Company became Board-managed following the abolition of the managing agency system in 1970.

Eventually, the management was taken over in 1994 by Shri Ranjan Kumar Poddar and Shri Devashish Poddar. Since then, the company has embarked on capacity expansion and modernisation; installed capacity will now increase from 83,550 TPA (paper and paperboard) to 1,38,300 TPA following the completion of an on-going expansion program.

In October 2017, the company has approached National Company Law Tribunal (NCLT) for insolvency petition.

In August 2018, the company has been acquired by J K Paper Mills. The plan from J K Paper Mills to revive Sirpur Paper Mills was approved in May 2018 by NCLT. The state government has also been proactive in reviving the plant.