The Company was incorporated as a Private Limited Company on November 2, 1992 under the Companies Act, 1956 in the state of Orissa. It installed a manufacturing unit for producing nitrocellulose granules with a capacity of 180 TPA, at Balasore Orissa. It started the production in July 1994 and is now operating at 100% capacity. The company was
converted into Public Limited Company and fresh Certificate of Incorporation was received on 20.12.1994.
-Passari Cellulose Ltd has informed that the shares of the company have been delisted from Bhubaneshwar Stock Exchange.