Sri Sidbhali Sugar Ltd

About the Company :

Shree Sidhbali Paper Mills Limited (SSPML) was incorporated in 1980 under the name Adarsh Papierfabrik Private Limited for manufacturing paper. In 1992, the company was converted into a public limited company. Till 2000, the company did not start any commercial activity. In December 2000, the Board of Directors decided to set up a paper mill for manufacturing of Newsprints. The company purchased land and building and machinery of Gold Star Straw Products Limited from Uttar Pradesh Financial Corporation for a consideration of Rs. 5.15 crores.

The management was not able to run the unit successfully due to financial tightness and low utilisation of the installed capacity. The company was taken over Mr. Raghu Raj Garg, Mr. Ravindra Kumar Bansal, Mr. Kapil Garg, Mr. Sumit Agarwal and Mr. Mayur Garg who also took charge of the board. The name of the company was changed to Shree Sidhbali Paper Mills Limited.

Shree Sidhbali Industries Limited (Formerly Known as Shree Sidhbali Sugar Limited) has its Muzaffarnagar plant manufactures high quality, environment-friendly fine textured papers from Sugarcane Pulp drawn from its sugar unit.